Unemployment Rate in India decreased to 5.10 percent in August from 5.20 percent in July of 2025. This dataset provides - India Unemployment Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The statistic shows the unemployment rate in India from 1999 to 2024. In 2024, the unemployment rate in India was estimated to be 4.2 percent. India's economy in comparison to other BRIC states India possesses one of the fastest-growing economies in the world and as a result, India is recognized as one of the G-20 major economies as well as a member of the BRIC countries, an association that is made up of rapidly growing economies. As well as India, three other countries, namely Brazil, Russia and China, are BRIC members. India’s manufacturing industry plays a large part in the development of its economy; however its services industry is the most significant economical factor. The majority of the population of India works in this sector. India’s notable economic boost can be attributed to significant gains over the past decade in regards to the efficiency of the production of goods as well as maintaining relatively low debt, particularly when compared to the total amount earned from goods and services produced throughout the years. When considering individual development as a country, India progressed significantly over the years. However, in comparison to the other emerging countries in the BRIC group, India’s progress was rather minimal. While China experienced the most apparent growth, India’s efficiency and productivity remained somewhat stagnant over the course of 3 or 4 years. India also reported a rather large trade deficit over the past decade, implying that its total imports exceeded its total amount of exports, essentially forcing the country to borrow money in order to finance the nation. Most economists consider trade deficits a negative factor, especially in the long run and for developing or emerging countries.

In 2024, the estimated youth unemployment rate in India was at 16.03 percent. According to the source, the data are ILO estimates. For the past decade, India’s youth unemployment rate has been hovering around the 22 percent mark. What is the youth unemployment rate?The youth unemployment rate refers to those in the workforce who are aged 15 to 24 years and without a job, but actively seeking one. Generally, youth unemployment rates are higher than the adult unemployment rates, and India is no exception: youth unemployment in India is significantly higher than the national unemployment rate. The Indian workforce, young and oldIndia’s unemployment rate in general is not remarkably high when compared to those of other countries. Both India’s unemployment rate and youth unemployment rate are below their global equivalents. In a comparison of the Asia-Pacific region countries, India ranks somewhere in the middle, with Cambodia’s unemployment rate being estimated to be below one percent, and Afghanistan’s the highest at 8.8 percent.

This dataset provides values for UNEMPLOYMENT RATE reported in several countries. The data includes current values, previous releases, historical highs and record lows, release frequency, reported unit and currency.

In a survey conducted in 2024 among respondents from India, ** percent said that they face difficulties getting employment in the country. Unemployment is one of the primary concerns for the population with a rate of over * percent. The country is set for elections in 2024.

As of March 2025, South Africa had the highest unemployment rate among the 19* countries that are members of the G20. The unemployment rate in South Africa stood at **** percent that year. The country has recently been plagued by an economic downturn, including energy shortages and high unemployment levels. On the other hand, Japan had the lowest unemployment rate at just *** percent. Economic inequality in South Africa Not only does South Africa top the G20 in overall unemployment, but it also has a significant level of youth unemployment, as nearly half of the young population is unemployed. Thirty years after the end of Apartheid, South Africa is also still one of the most unequal countries in the world, with a Gini score of ****. The prominence of inequality in the country makes escaping unemployment and underemployment difficult. Japanese economic slowdown While Japan had the lowest unemployment rate out of all G20 nations, as well as the lowest youth unemployment rate out of the G20 nations, Japan’s economy is still facing many challenges. With an aging population, the total Japanese population is facing a rapid decline, meaning that it will struggle to have enough workers participating in the labor market. Despite this, Japan maintains strict immigration policies, limiting the chances for foreign workers to move to Japan. Moreover, Japan has the second lowest fertility rate out of the G7 nations and one of the lowest fertility rates globally, adding another challenge in addressing population shrinkage.

In a survey conducted in 2024 among respondents from India, ** percent said that unemployment was the primary concern for the country. ** percent believed that inflation was a key challenge, followed by development. For * percent of respondents Ram Temple in Ayodhya was a concern.

The share of employable women in India in 2025 saw a decrease from the previous year. Men accounted for about ** percent of employability that year. In fact, a larger share of women than men have constituted India’s employable talent since 2020 until a drop in 2025. Employability refers to a person's ability to gain and maintain employment. India’s professional talent pool Indian corporations and employers found a rich supply of highly employable graduates in states such as Maharashtra and Delhi. The demand for professionals with a year or more of working experience outweighed that of graduates without experience, thus, driving up the preference for internships. Some of the most employable candidates in 2024 were graduates with degrees in engineering, business administration and computer applications. Employability does not translate to employment However, higher employability did not translate to employment as was indicated by the country’s youth unemployment rate. Gender gap in participation at work has also persisted over the years. In addition to skill training, more jobs need to be created to absorb the growing unemployed and underemployed youth.

In 2024, the unemployment rate in Worldwide stood at 4.89 percent. Between 1991 and 2024, the figure dropped by 0.24 percentage points, though the decline followed an uneven course rather than a steady trajectory.

In 2025, the employability rate in the Indian city of Pune was estimated to be **** percent. It was followed by the southern Indian city of Bengaluru, with an employability of about ** percent. Bengaluru, was the most preferred city to work in the country.

Snapshot img

Staffing Services Market Size 2024-2028

The staffing services market size is forecast to increase by USD 236.6 billion at a CAGR of 6.53% between 2023 and 2028. The market is experiencing significant growth, driven by several key factors. Firstly, the increasing demand for jobs in the labor market continues to fuel the need for staffing services. Secondly, the trend towards remote work and hybrid models has created new opportunities for staffing firms to provide flexible workforce solutions. Lastly, regulatory compliance is a mandatory consideration for staffing services, ensuring adherence to labor laws and industry standards. These factors, among others, are shaping the market landscape and presenting both opportunities and challenges for staffing providers. By staying abreast of these trends and regulatory requirements, staffing firms can effectively meet the evolving needs of their clients and candidates.

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The market encompasses various types of employment arrangements including Contract Staffing and Temporary Staffing. Recruitment agencies play a vital role in providing Employees for businesses, especially for Skilled Candidates who are in high demand. Fixed-term Contracts, Casual Work, and Seasonal Work are common staffing solutions for businesses with fluctuating Workforce Requirements. Online Recruitment has become increasingly popular due to its Cost-effective Hiring benefits and the ability to access a vast Talent Pool. In today's business environment, Staffing Services have become essential for various industries, especially Healthcare, where staff shortages can have serious consequences. Unemployment rates and Business activity influence the demand for Staffing Services. Staffing factoring services and Online factoring platforms offer financial solutions to help businesses manage cash flow during Client payment delays and High client turnover. FinTech companies are revolutionizing the Staffing Services industry with Automated processes, Digital payment solutions, and Blockchain technology. Non-recourse factoring is a popular financing option for businesses. The Staffing Services Market is also witnessing the emergence of Cross-Border Recruitment, Job Opportunities, and Talent Mobility. Job Vacancies and Staffing Needs continue to shape the market, with detailed Job Descriptions guiding the recruitment process.

Market Segmentation

The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.

Type

  Temporary staffing
  Permanent placement
  Contract staffing
  Outsourced recruitment
  Executive search


End-user

  Information technology
  Healthcare
  Manufacturing
  Finance and accounting
  Others


Geography

  North America

    US


  Europe

    Germany
    UK


  APAC

    Japan


  South America



  Middle East and Africa

By Type Insights

The temporary staffing segment is estimated to witness significant growth during the forecast period.The temporary staffing sector holds a substantial share in The market in 2023. This segment caters to the temporary hiring demands of organizations due to short-term projects or seasonal fluctuations. Temporary staffing encompasses a range of jobs, from entry-level positions to specialized roles, across industries such as healthcare, manufacturing, IT, and finance. Key players in The market, including ManpowerGroup, Randstad N.V., and Adecco Group, provide temporary staffing solutions for various industries. ManpowerGroup simplifies the recruitment process for firms of all sizes with their hassle-free temporary staffing offerings. Randstad N.V. Offers flexible hiring options, enabling companies to optimize hiring costs and efficiently onboard skilled professionals in response to changing business and client needs for a limited period.

Financial services, such as recourse factoring, can support staffing agencies in managing their working capital requirements during the staffing process. Regulatory oversight ensures that these services are provided ethically and in compliance with industry standards.

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The Temporary staffing segment accounted for USD 192.90 billion in 2018 and showed a gradual increase during the forecast period.

Regional Insights

APAC is estimated to contribute 33% to the growth of the global market during the forecast period. Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

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In North America, the market experienced significant growth in 2023, with a

In 2019, the unemployment rate in the Philippines was at approximately 2.24 percent and on a steady downward trend from 3.6 percent in 2014.

Souvenirs from overseas

The Philippines’ economy relies heavily on remittances from overseas, i.e. money sent home by Filipino emigrants and workers in other countries. In 2016 alone, approximately 30 billion U.S. dollars were received as remittances in the Philippines, and the amount seems to increase significantly every year. This makes the Philippines one of the leading countries worldwide when it comes to receiving remittances, only surpassed by India and China.

Visitors from overseas

The Philippines’ economy is stable, not only because of remittances, but also because of a flourishing services sector, which is now the main generator of GDP in the country; tourism and IT in particular contribute to economic growth. More than half of the Philippines workforce is employed in services.

In 2025, the Masters of Business Administration domain had the highest employability rating among degree types in India at about ** percent, an increase from the previous year. The polytechnic domain had the lowest employability rate of around ** percent. What is employability? Employability refers to attributes that make an individual gain and maintain employment. This may include job-specific or soft skills. Higher employability is considered a precondition for achieving a higher employment rate. Although employability in India has increased to over ** percent from ** percent over a decade ago, there has remained a critical skill mismatch between education and skills. In other words, Indian graduates have been facing a disconnect between what is taught at colleges and what the industry demands. Enhancing employability through skill development Government initiatives like the National Skill Development Corporation and Pradhan Mantri Kaushal Vikas Yojana aim to promote skill development in India. Public-private partnerships (PPP) have also been instrumental in making skill development initiatives effective in India. For example, TCS has partnered with educational institutions to provide vocational training in digital literacy and soft skills. Other industry giants like Samsung and IBM are planning to launch special training programs in artificial intelligence (AI) and machine learning (ML) in collaboration with the National Skill Development Corporation (NSDC).

In 2023, 43.51 percent of the workforce in India were employed in agriculture, while the other half was almost evenly distributed among the two other sectors, industry and services. While the share of Indians working in agriculture is declining, it is still the main sector of employment. A BRIC powerhouseTogether with Brazil, Russia, and China, India makes up the four so-called BRIC countries. They are the four fastest-growing emerging countries dubbed BRIC, an acronym, by Jim O’Neill at Goldman Sachs. Being major economies themselves already, these four countries are said to be at a similar economic developmental stage -- on the verge of becoming industrialized countries -- and maybe even dominating the global economy. Together, they are already larger than the rest of the world when it comes to GDP and simple population figures. Among these four, India is ranked second across almost all key indicators, right behind China. Services on the riseWhile most of the Indian workforce is still employed in the agricultural sector, it is the services sector that generates most of the country’s GDP. In fact, when looking at GDP distribution across economic sectors, agriculture lags behind with a mere 15 percent contribution. Some of the leading services industries are telecommunications, software, textiles, and chemicals, and production only seems to increase – currently, the GDP in India is growing, as is employment.

Employability among Bachelor of Commerce graduates in India was ** percent in 2025, a significant decrease from 2023. Within the commerce stream, obtaining a B.Com degree is often the minimum requirement for getting a job. The economic slowdown in India has been a major factor in reduced hiring among companies. What is Bachelor of Commerce? An academic course such as Bachelor of Commerce degree that provides theoretical knowledge is different from courses in banking and finance, chartered accountancy and office management. For instance, in chartered accountancy, there is an ’article-ship' which prepares the graduate with hands-on learning experience under the guidance and mentorship of experienced professionals in a company. Although this section of graduates have numerous job opportunities right after graduation, landing a job is difficult for many even today without the practical skillset. In recent years, the number of women graduates with a bachelor's degree has increased in the country. Women undergraduates of commerce had an employability rate of over ** percent in 2019. Engineering students in demand   The share of employable talent across the country was above ** percent for the last two years, an increase since 2014. While the highest scope of employability among undergraduates was among the engineering and the technology graduates, there was still a massive skill gap in terms of experience for industry requirements.

The statistic shows the national debt in India from 2020 to 2023 in relation to gross domestic product (GDP), with projections up until 2030. In 2023, the national debt of India amounted to about 81.23 percent of the gross domestic product. India’s economy on the rise India is one of the most populous countries in the world, and although a large share of inhabitants are living below the poverty line – or probably due to this fact –, the country’s economy is growing steadily. India’s GDP growth is expected to remain steady at more than 7 percent for the next few years, which is almost double that of the global GDP, and both GDP and GDP per capita are expected to increase significantly. Almost half of India’s workforce is employed in the agricultural sector, but services and industry share the other half quite equally. India’s GDP is mostly generated by the services sector, which includes transport, retailing, and offering services in the hospitality and tourism industry. India’s trade balance has been in the red for a decade now, but seems to recover slowly. A trade deficit usually means that a country’s import costs are higher than the amount of money generated with exporting goods. India’s imports could not be compensated for by the country’s exports, as imports have been consistently, even if only slightly, higher over the years both in terms of volume and value. Still, all signs point to India’s economy growing and thriving, reducing India’s debt (as seen above) and unemployment rate, enabling the inhabitants to create a better life for themselves.

In the second quarter of 2024, the unemployment rate among Black South Africans was 36.9 percent, marking a year-on-year change of 0.8 percent compared to the second quarter of 2023. On the other hand, the unemployment rate among white South Africans was 7.9 percent in the second quarter of 2024, with a 0.5 percent year-on-year change. Unemployment prevalent among youth and women The unemployment rate is the share of the labor force population that is unemployed, while the labor force includes individuals who are employed as well as those who are unemployed but looking for work. South Africa is struggling to absorb its youth into the job market. For instance, the unemployment rate among young South Africans aged 15-24 years reached a staggering 60.7 percent in the second quarter of 2023. Furthermore, women had higher unemployment rates than men. Since the start of 2016, the unemployment rate of women has been consistently more than that of men, reaching close to 36 percent compared to 30 percent, respectively. A new minimum wage and most paying jobs      In South Africa, a new minimum hourly wage went into effect on March 1, 2022. The minimum salary reached 23.19 South African rand per hour (1.44 U.S. dollars per hour), up from 21.69 South African rand per hour (1.35 U.S. dollars per hour) in 2021. In addition, the preponderance of employed South Africans worked between 40 and 45 hours weekly in 2021. Individuals holding Executive Management and Change Management jobs were the highest paid in the country, with salaries averaging 74,000 U.S. dollars per year.

The statistic shows the total population in the United Kingdom from 2015 to 2019, with projections up until 2025. The population grew steadily over this period.

Population of the United Kingdom

Despite a fertility rate just below the replacement rate, the United Kingdom’s population has been slowly but steadily growing, increasing by an average of 0.6 percent every year since 2002. The age distribution has remained roughly the same for the past ten years or so, with the share of the population over 65 years old seeing a slight increase as the baby boomer generation enters into that age bracket. That share is likely to continue growing slightly, as the United Kingdom has one of the highest life expectancies in the world.

The population of the island nation is predominantly white Christians, but a steady net influx of immigrants, part of a legacy of the wide-reaching former British Empire, has helped diversify the population. One of the largest ethnic minorities in the United Kingdom is that of residents of an Indian background, born either in the UK, India, or in other parts of the world. India itself is experiencing problems with rapid population growth, causing some of its population to leave the country in order to find employment. The United Kingdom’s relatively lower levels of unemployment and the historical connection between the two countries (which has also resulted in family connections between individuals) are likely reasons that make it a popular destination for Indian emigrants.