India's Jobless Rate Hits 8-Month Low of 4.7%

• India's unemployment rate fell to an 8-month low of 4.7% in November, down from 5.2% in October.
• Rural unemployment decreased to 3.9%, the lowest since April, and urban unemployment dropped to 6.5%.
• The Labor Force Participation Rate (LFPR) for individuals aged 15 and above rose to 55.8%, the highest since April.
• Increased participation of women, with their LFPR reaching 35.1%, significantly contributed to the improved labor market.
• Youth unemployment also declined to 14.1% in November, suggesting better job opportunities for young people.

Why It Matters: India's falling unemployment rate strengthens the economy amidst potential slowdowns.