Why in the News?
The latest edition of PLFS report (October-December 2024) has highlighted key labour market indicators.
About Periodic Labour Force Survey (PLFS)
- The PLFS is conducted by the National Statistical Office (NSO), Ministry of Statistics and Programme Implementation (MoSPI) to assess employment and unemployment trends in India.
- Launched in April 2017, PLFS provides quarterly estimates for urban areas and annual estimates for both rural and urban areas.
- Key Indicators:
- Labour Force Participation Rate (LFPR): Percentage of people working or seeking jobs.
- Worker Population Ratio (WPR): Percentage of people employed.
- Unemployment Rate (UR): Percentage of job seekers unable to find employment.
- Current Weekly Status (CWS): Employment status based on work done in the last 7 days.
- Survey Methodology:
- Urban Areas: Rotational Panel Sampling (each household surveyed four times).
- Data Collected (Oct-Dec 2024): 5,742 urban units surveyed, covering 1,70,487 individuals across 45,074 households.
- Publication: Quarterly Bulletins for urban areas, Annual Reports for rural and urban regions.
Key Highlights of PLFS (Oct-Dec 2024)
- Labour Force Participation Rate (LFPR): 50.4% (↑ from 49.9% in 2023).
- Male LFPR: 75.4% (↑ from 74.1% in 2023).
- Female LFPR: 25.2% (↑ from 25.0% in 2023).
- Worker Population Ratio (WPR): 47.2% (↑ from 46.6% in 2023).
- Male WPR: 70.9% (↑ from 69.8% in 2023).
- Female WPR: 23.2% (↑ from 22.9% in 2023).
- Unemployment Rate (UR): 6.4% (↓ from 6.5% in 2023).
- Male UR: 5.8% (unchanged).
- Female UR: 8.1% (↓ from 8.6% in 2023).
PYQ:[2023] Most of the unemployment in India is structural in nature. Examine the methodology adopted to compute unemployment in the country and suggest improvements. [2013] Disguised unemployment generally means: (a) large number of people remain unemployed (b) alternative employment is not available (c) marginal productivity of labour is zero (d) productivity of workers is low |
