Open Unemployment Rate in the Village Decreases More Rapidly
- A Small
- A Medium
- A Bigger
Based on data from the Central Bureau of Statistics (BPS), the Open Unemployment Rate (OUR) decreased by 12 basis points (bps) to 5.01% in February 2019 compared to the same period in 2018. When viewed by place of residence, the OUR in rural areas decreased faster than in urban areas.
The OUR in rural areas in February 2019 was at 3.45%, down 27 bps compared to 3.72% in February 2018. Meanwhile, the OUR in urban areas in February 2019 was at 6.3%, a decrease of 4 bps compared to 6.34% in February 2018.
Over the past three years, the OUR in both rural and urban areas has shown a decline. The OUR in rural areas decreased by 55 bps from 4% to 3.45%. The OUR in urban areas decreased by 20 bps from 6.5% to 6.3%.
(Read Databoks: Labor Force Participation Rate Still Dominated by Men)
"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."
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