Periodic Labour Force Survey PLFS

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Subject: Economy

Context:

  • The country’s job situation registered an improvement during 2018-19 with unemployment rate declining to 5.8 per cent, down from 6.1 per cent in the previous financial year, according to government data.
  • The labour force participation rate (LFPR) during 2018-19 rose to 37.5 per cent as compared to 36.9 per cent a year ago, said the Periodic Labour Force Survey (PLFS)

Concept:

  • National Statistical Office (NSO) launched Periodic Labour Force Survey (PLFS) on April 2017. The objective of PLFS is primarily twofold:
  • To estimate the key employment and unemployment indicators (viz. Worker Population Ratio, Labour Force Participation Rate, Unemployment Rate) in the short time interval of three months for the urban areas only in the Current Weekly Status (CWS)
  • to estimate employment and unemployment indicators in both usual status (ps+ss) and CWS in both rural and urban areas annually.

Definitions:

  • 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.