The Ministry of Statistics and Programme Implementation, the National Statistical Office (NSO) in its latest employment-unemployment indicators report has showed that unemployment rate in India declined to 3.1 per cent in the calendar year 2023 (CY23) from 3.6 per cent in CY22 and 4.2 per cent in CY21, reflecting continued improvement in the labour markets.
During the CY23, the unemployment rate in both rural and urban areas declined to 2.4 per cent and 5.2 per cent, respectively, from 2.8 per cent and 5.9 per cent in CY22. The unemployment rate for rural women at 1.9 per cent was lower than for rural men at 2.7 per cent in CY23, whereas in urban areas, the rate was higher for women at 7.5 per cent compared to men at 4.4 per cent.
The latest survey also showed that the labour force participation rate (LFPR), which defines the share of people either working or actively seeking work in the population, increased significantly to 59.8 per cent in CY23from 56.1 per cent in CY22 at the national level. The rural LFPR stood at 63.4 per cent in 2023, significantly up from 58.5 per cent in CY22, whereas its urban equivalent rose to 51.4 per cent from 50 per cent in the corresponding period.
Besides, the report also showed that the ratio of women workers to men working as legislators, senior officials, and managers stood at 14.4 per cent in 2023, whereas the ratio of women workers to men working as professionals and technical workers stood at 49.4 per cent during the year.
MoneyWorks4Me rating and ranking of funds for SIP is available to subscribers only. Moneyworks4Me is not a rating and ranking agency, however it is required that users have a way of selecting funds and building a Portfolio. The method used by it are described below to enable users to understand the logic behind the rating and ranking Subscriber will find more details on this in the various content made available from time to time. In case you need more please write to besafe@moneyworks4Me.com
MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
Make an informed decision for Stocks
Invest using an intelligent system with powerful data-driven tools that help you identify opportunities and make informed buy-hold-sell decisions
Buy quality Stocks when they are available at reasonable prices and supported by an upward price trend and Sell when they are Overvalued using the Decizen Rating System. Covers 3500+ stocks
Claim your FREE 15-day access to the most practical investing handbook.
Hurry, limited to the first 10 users today!
FREE Become a savvy and confident
stock investor.
Hurry, limited to the first 10 users today!
Download APP
