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Source: The post is based on the article “Unemployment rate in urban areas has come down: survey” published in “The Hindu” on 30th November 2023
Why in the News?
According to the Periodic Labour Force Survey (PLFS), the unemployment rate in urban areas of the country has decreased from 7.2% in July-September 2022 to 6.6% in July–September 2023.
What are the Key Findings of the PLFS?
1) The unemployment rate (UR) for persons of age 15 years and above was 6.6% in July–September 2023. For men, the UR was 6% while for women, it was 8.6%.
2) The labour force participation rate (LFPR) in urban areas increased to 49.3% in July– September 2023 for persons aged 15 years and above. While for males, LFPR increased to 73.8%, for females, LFPR increased to 24.0%.
Note:
1) Unemployment Rate- It refers to the percentage of persons unemployed among the persons in the labour force.
2) Labour Force Participation Rate- It is the percentage of persons in the labour force (i.e. working or seeking or available for work) in the population.
What is the Periodic Labour Force Survey (PLFS)?
| Specifications | Details |
| Conducted by | National Sample Survey Office (NSSO) |
| Started in | 2017 |
| Objectives | To estimate the key employment and unemployment indicators (such as UR, LFPR, etc) in the short time interval of three months for urban areas only in the ‘Current Weekly Status’ (CWS). |
| To estimate employment and unemployment indicators in both ‘Usual Status’ and CWS in both rural and urban areas annually. |
Note:
1) Current Weekly Status- The activity status determined on the basis of a reference period of last 7 days preceding the date of survey.
2) Usual Status- The activity status determined on the basis of a reference period of last 365 days preceding the date of survey
UPSC Syllabus: Economy
