4th Annual Periodic Labour Force Survey

Current Context: National Statistical Office (NSO) launched the Periodic Labour Force Survey (PLFS). The fourth Annual Report is being brought out by NSO on the basis of the Periodic Labour Force Survey conducted during July 2020-June to 2021.

According to the report it was observed that the Unemployment rate has decreased by 0.6% and fell to 4.2% compared to 4.8% earlier.
It has also stated that the Labour force participation rate in the population was 41.6% during 2020-21 compared to 40.1% earlier year.
National Statistical Office (NSO) launched the Periodic Labour Force Survey (PLFS) in April 2017.
The main objective is to estimate the key employment and unemployment indicators like Worker Population Ratio, and Labour Force Participation Rate, in the short time interval of three months.
Labour Force Participation Rate is defined as the percentage of persons in the labor force who are working or seeking or available for work.
The worker Population Ratio is defined as the percentage of employed persons in the population.
The unemployment rate is defined as the percentage of persons unemployed among the persons in the labor force.