Unemployment Flashcards
(21 cards)
Labour force includes
Employed + unemployed
Doesn’t include students and unpaid domestic workers
Working age population age limit
15-59, used by MOSPI
Other,
15-64.
18-59 - ILO
Dependency ratio
Non working age / working age
Working age includes
Labour force (E + UE) + not seeking job
Worker Population Ratio (WPR), provided by
No of employed persons/ total population * 100
PLFS
Labour Force Participation Rate ( LFPR)
Labour force/ total population
Less used formula- labour force/ working age
Unemployment rate
No of UE/ Total labour force
List measures or estimates of UE, used by whom
PLFS-
1. UPSS- Usual Principal and Subsidiary Status
2. CWS- Current Weekly Status
CMIE-
1. CDS- Current Daily Status
Are domestic workers included in labour force
No.
As they are not actively seeking job.
Working Age= Actively seeking job (LF) + Not actively seeking job
Which UE estimate gives the lowest figures
UPSS
Define demographic dividend
Expected benefit that India will derive from having a favourable population structure.
PLFS includes- periodicity, estimates, surveys?
3 months- Urban survey in CWS
Annual - Rural and Urban survey in both UPSS and CWS.
Surveys- WPR, LFPR, UE rate.
Define subsidiary status SS
Principally unemployed, but able to find work for more than 30 days.
Usual status includes
PS + SS
Headline UE measure
Usual Status= PS + SS
CDS measures what
Intensity of engagement at work.
How does CDS calculate UE, used by
Calculates net intensity of employment over the last week, using-
Engaged for < 1 hr = UE
Engaged for 1-4 hrs = 80% Engaged
Engaged for >4 hrs =100% engaged.
Used by CMIE, Centre for Monitoring Ind Economy.
Arrange in decreasing order of UE rate
US (UPSS), CWS, CDS
CDS> CWS> US
Natural rate of UE includes wh types
- Structural
- Seasonal
- Frictional
- Voluntary
Full form of NAIRU
Non Accelerating Inflationary Rate of UE
Natural rate of UE is also called
NAIRU- Non Accelerating Inflationary Rate of UE
