According to the latest PLFS (Periodic Labour Force Survey) for Q3FY21 J&K had the highest unemployment rate of 17.8% in India during the period.
In this survey, twelve states recorded double-digit unemployment rates during this period, compared with 22 states in the April-June quarter of 2020. Eight states had recorded double-digit unemployment in the October-December quarter of 2019-20.
The unemployment rate is defined as the percentage of unemployed persons in the labour force, while labour force refers to the part of the population which supplies or offers to supply labour for pursuing economic activities for the production of goods and services and therefore, includes both employed and unemployed persons.
The employment registration carried out by the Directorate of Employment last year witnessed 3 lakh registrations by postgraduates and PHD degree holders.
Several months back, the J&K Service Selection Board advertisement for 8575 class IV posts saw a whopping 4.4 lakh aspirants had applied out of which 3.286 lakh candidates appeared.