Why is it in the news?

• The sixth Annual Report is being brought out by the National Sample Survey Office (NSSO) on the basis of the Periodic Labor Force Survey (PLFS).

Key finding from the PLFS Annual Report 2022-2023

Important Terms

• Labor Force Participation Rate (LFPR): It is defined as the percentage of persons in the labor force (i.e., working or seeking or available for work) in the population.
• Worker Population Ratio (WPR): It is defined as the percentage of employed persons in the population.
• Unemployment Rate (UR): It is defined as the percentage of persons unemployed among the persons in the labor force.
• Activity Status- Usual Status: The activity status of a person is determined on the basis of the activities pursued by the person during the specified reference period. When the activity status is determined on the basis of the reference period of the last 365 days preceding the date of survey, it is known as the usual activity status of the person.
• Activity Status- Current Weekly Status (CWS): The activity status determined on the basis of a reference period of last 7 days preceding the date of survey is known as the current weekly status (CWS) of the person.
• Principal activity status (PS): The activity status on which a person spent relatively long time (major time criterion) during 365 days preceding the date of survey, was considered the usual principal activity status of the person.
• Subsidiary economic activity status (SS): The activity status in which a person in addition to his/her usual principal status, performs some economic activity for 30 days or more for the reference period of 365 days preceding the date of survey, was considered the subsidiary economic activity status of the person.