Are they both-Unemployment &amp; Joblessness- the same or there is little difference, in the complete analysis of the unemployment rate, its measures, its reasons, the population's response, and its overall impact on economic growth? This topic is a complete package of the economic and political situation of the country.What is Unemployment?In simple terms, unemployment refers to the act of not being in a job, i.e. a person is available to take the job but not getting the job. The person must be out of work and also looking for a job but not getting the job matching their skill will fall in the category of unemployment.Now unemployment is directly related to economic growth.According to the National Sample Survey Office (NSSO), there are three statuses of an individual.<ul><li>Working</li><li>Unemployed</li><li>Jobless </li></ul> Now let us discuss them briefly:Working or Employed: Engaged in any economic activity and getting paid for it. This may also include a person doing work and getting wages for the work.Unemployed: &nbsp;An individual seeking work or available to do the work but unable to get the one. In other terms, it may also include a person or an individual not getting work related to their skill.Jobless: Neither seeking nor available for work. This may include retired people, homemakers, etc.Thus, joblessness is a subset of unemployment.According to the data released in 2020 the median age of the Indian population was 28.4 years. It refers to the age which is the average of the population available to work. The periodic labour force survey conducted by the National Sample Survey Office (NSSO) in 2023:This survey concluded that the total unemployment rate has dropped and it is the lowest in the previous three years.But is it correct to say that it is the lowest in three years? We can say that the population has also increased in three years but the data remains the same.Now here comes the concept of Employment elasticity.This concept refers to the position or ability of the economy to generate employment as a percent of its growth process.Recent trends in the data related to unemployment in India:Before moving forward on the trends let us first understand how the unemployment rate is calculated in India Unemployment rate = (No. of unemployed persons / Civilian labour force) x 100&nbsp;According to the data published by the Centre for Monitoring Indian Economy: <ul><li>&nbsp;In January 2024 the unemployment rate stood at 6.8%</li><li>This indicates the decrease in rate from December 2023 and this decrease is 1.9%.</li><li>&nbsp;Previously in December 2023 this rate was 8.7%.</li></ul>As per the data, the top five Indian states with the highest unemployment rate (in 2023) are:<ul><li>Haryana&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;37.4%</li><li>Rajasthan&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;28.5%</li><li>Bihar&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;19.1%</li><li>Jharkhand&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18%</li><li>Jammu and Kashmir&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14.8%</li></ul>

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