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.
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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.
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.
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