- 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.
Question:
Q.1 As per recent 4th Annual Periodic Labour Force the unemployment rate has decreased to ______ in 2020-21.a. 5.1%
b. 4.2%
c. 4.8%
d. 6.3%
