According to the Periodic Labor Force Survey (PLFS) by the National Statistical Office (NSO), the unemployment rate stood at 13.3 per cent in the July-September quarter last year, as against 8.4 per cent in the same quarter a year ago.
NSO brings out a quarterly bulletin of the PLFS survey which estimates labor force participation such as unemployment rate (UR), worker population ratio (WPR), labor force participation rate (LFPR) and more.
Unemployment rate
Unemployment or unemployment rate (UR) is the percentage of unemployed persons in the labor force.
The unemployment estimation in CWS gives an average picture of unemployment over a short period of 7 days during the survey period.
According to the Current Weekly Status (CWS) approach, a person was considered unemployed in a week if he did not work for even 1 hour on any day during the reference week, but for at least 1 hour of work. Was available or was available any day during the reference week.
labor force participation rate
Labor force refers to that part of the population that produces or supplies labor to carry out economic activities for the production of goods and services. This includes both employed and unemployed people.
LFPR is the percentage of the population that is present in the labor force.
The survey showed that during the period in question, the labor force participation rate for all ages was 37 percent. This was higher than the 36.8 per cent recorded in the same period a year ago and also higher than the 35.9 per cent recorded in the April-June 2020 quarter.
Worker Population Ratio (WPR)
It is the percentage of workers in the population. The estimates of unemployed persons in the CWS give an average picture of unemployment over a short period of 7 days during the survey period.
In the CWS approach, a person is considered unemployed if he did not work for 1 hour on any day during the week, but was sought or available for work for at least 1 hour on any day during this period.
According to the survey, the WPR stood at 32.1 per cent in July-September 2020, from 33.7 per cent in the same period a year ago. It was 28.4% in April-June 2020.
(with inputs from PTI)
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