PLFS Quarterly Bulletin_00.1
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PLFS Quarterly Bulletin

 

Relevance

  • GS 3: Indian Economy and issues relating to planning, mobilization, of resources, growth, development and employment.

 

Context

 

Key points

  • According to the PLFS quarterly report  Unemployment rate for persons of age 15 years and above in urban areas rose to 10.3% in October-December 2020, increased from 7.8% in the corresponding period a year ago.
  • The PLFS latest report states that labour force participation rate for persons of age 15 years and above in urban areas was 47.3% in October-December quarter of 2020, down from 47.8% in the same period a year ago.
  • The Worker Population Ratio for persons of age 15 years and above in urban areas was 42.4% in October-December quarter of 2020, down from 44.1% in the same period a year ago.

 

Fast Track Special Courts (FTSCs) in India

 

About PLFS

  • Considering the importance of availability of labour force data at more frequent time intervals, National Statistical Office (NSO) launched Periodic Labour Force Survey (PLFS) in April 2017.

 

PLFS Quarterly Bulletin_50.1

 

Some basic terms

Labour Force Participation Rate (LFPR)

  • LFPR is defined as the percentage of persons in labour force (i.e. working or seeking or available for work) in the population.

Worker Population Ratio (WPR)

  • WPR is defined as the percentage of employed persons in the population.

Unemployment Rate (UR)

  • UR is defined as the percentage of persons unemployed among the persons in the labour force.

Activity Status- Current Weekly Status (CWS)

  • The activity status determined on the basis of a reference period of last 7 days preceding the date of survey is known as the current weekly status (CWS) of the person.

 

Financial Stability and Development Council

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