New Delhi, June 15 -- Labour market conditions are likely to remain under watch as seasonal factors weigh on hiring momentum, even as urban unemployment slipped to its lowest level in a year. According to the Ministry of Statistics and Programme Implementation, the Periodic Labour Force Survey (PLFS) for May 2026 shows urban joblessness easing even as overall participation moderated marginally, suggesting the market may stay mixed through the summer months before picking up with the next economic cycle.

Urban unemployment rate for persons aged 15 years and above declined to 6.4% in May 2026 from 6.6% in April 2026, marking a one-year low and down from 6.9% in May 2025, the Ministry of Statistics and Programme Implementation reported. The...