Key Points
India's unemployment rate declined to 6.8% in January-March 2023 from 7.2% in the previous quarter, according to the Periodic Labour Force Survey (PLFS) released by the National Statistical Office (NSO) on Thursday...
According to the PLFS report, female labour force participation in Q4 FY23 increased marginally to 22.7% from 22.3% in the previous quarter..
On the basis of PLFS, a quarterly bulletin is brought out giving estimates of labour force indicators namely unemployment rate, Worker Population Ratio (WPR), Labour Force Participation Rate (LFPR), distribution of workers by broad status in employment and industry of work in CWS...
The estimates of unemployed persons in CWS give an average picture of unemployment in a short period of seven days during the survey period...
Labour force, according to CWS, is the number of persons either employed or unemployed on average in a week preceding the date of the survey..
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