Q. Consider the following statements regarding labour force participation rate (LFPR)
1) LFPR is the percentage of the population in working age-groups that is employed.
2) Periodic Labour Force Survey (PLFS) provides data of both LFPR and Worker Population Ratio (WPR).
Select the correct answer using the codes given below
Statement 1 is incorrect. It also includes those who are unemployed, in the working age group but willing to work. LFPR is the percentage of the population (in working age-groups) that is employed, or is looking for work, but is unemployed.
Statement 2 is correct. The Periodic Labour Force Survey (PLFS) gives estimates of Key employment and unemployment Indicators like, the Labour Force Participation Rates (LFPR), Worker Population Ratio (WPR), Unemployment Rate (UR), etc. These indicators, and the ‘Usual Status’ and ‘Current Weekly Status’ are defined as follows:
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.
