WHY IN THE NEWS?
National Statistical Office (NSO) has published the eighth periodic labour force survey recently. According to the survey, the unemployment rate in India has increased to 13.3 per cent in the period of July-September 2020. The unemployment rate was 8.4 per cent in July-September 2019.
It refers to the part of population that supplies or offers to supply labour to pursue economic activities for production of goods and services. It includes both employed and unemployed persons.
Periodic Labour Force Survey (PLFS)
Periodic labour force survey was launched by NSO in April 2017. Based on PLFS, quarterly bulletin is provided by giving estimates of labour force indicators such as UR, Worker Population Ratio (WPR), Labour Force Participation Rate (LFPR), distribution of workers by broad status in employment & industry of work in Current Weekly Status (CWS).
Current Weekly Status (CWS)
CWS estimates on unemployed persons provides an average picture of unemployment in short period of 7 days during the survey period. In CWS approach, a person is considered unemployed if he/she did not work even for 1 hour on any day in a week.
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