Unemployment rate falls to 8-month low of 4.7% in November

The unemployment rate for Indians aged 15 years and above declined to 4.7% in November, making it the lowest level since April. The rural unemployment rate fell to a record low of 3.9%, while the urban unemployment rate decreased to 6.5%. The overall labour force participation rate (LFPR) increased to a seven-month high of 55.8% in the month.