Explained: The fall in unemployment rate in the 2020-21 labour survey, what it means | Explained News,The Indian Express
The annual report of the Periodic Labour Force Survey for July 2020 to June 2021 showed that the unemployment rate, as per usual status (reference period of last 365 days preceding the survey), eased to 4.2 per cent from 4.8 per cent in 2019-20.
Labour indicators recorded a sharp, all-round improvement in 2020-21 (July-June) compared with the previous three years, data released by the National Statistical Office (NSO) on Tuesday showed.
The annual report of the Periodic Labour Force Survey for July 2020 to June 2021 showed that the unemployment rate, as per usual status (reference period of last 365 days preceding the survey), eased to 4.2 per cent from 4.8 per cent in 2019-20.
As per the current weekly status (reference period of one week) — contrary to perceived expectations of a likely hit on jobs — unemployment rate eased to 7.5 per cent in 2020-21 from 8.8 per cent. But there is a catch: while the overall employment situation showed improvement, the rise was seen mostly in low-quality, unpaid work.
The headline numbers
The headline employment numbers show an improvement in the employment situation.
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