Q. Which of the following indicator/s is/are used in Periodic Labor Force Survey (PLFS)?
1.Labor Force Participation Rate
2.Worker Population Ratio
3.Unemployment Rate
How many of the statements given above are correct?

[A] Only one

[B] Only two

[C] Only three

[D] None

Answer: C
Notes:

Explanation: Key Indicators used in PLFS:

  • Labor Force Participation Rate (LFPR): Percentage of persons in the labor force (i.e. working or seeking or available for work) in the population.
  • Worker Population Ratio (WPR): Percentage of employed persons in the population.
  • Unemployment Rate (UR): Percentage of persons unemployed among the persons in the labor force.
  • Activity Status: It is determined based on the activities pursued by the person during the specified reference period (preceding the date of the survey).
  • Usual Status: Reference period is 365 days. Current Weekly Status (CWS): Reference period is 7 days.

Source: Ramesh Singh

Blog
Academy
Community