India's Jobless Rate Dips to 4.7% in Nov, 8-Month Low

• India's unemployment rate fell to an eight-month low of 4.7% in November, down from 5.2% in October.
• The decline was broad-based, with rural unemployment easing to 3.9% and urban to 6.5%.
• Improved labor market conditions were driven by stronger rural employment and a significant rise in female participation.
• The overall labor force participation rate for those 15 and above reached 55.8%, its highest since April.
• Youth unemployment also moderated to 14.1%, and the gender gap in unemployment narrowed to 0.2 percentage points.

Why It Matters: Falling unemployment and rising female participation signal improving economic health.