Question

Choose the correct statement pertaining to the Current Weekly Status (CWS) method of measuring unemployment.

1. The Current Weekly Status (CWS) method measures unemployment with a reference period of seven days preceding the survey date.
2. Under CWS, a person is considered unemployed only if they did not work for the entire 30-day period prior to the survey.
3. This method primarily captures long-term or chronic unemployment, similar to the UPS approach.

• A. ഇവയൊന്നുമല്ല
• B. i മാത്രം
• C. i, iii
• D. ii

Answer 1

Answer:

B. i മാത്രം

• The Current Weekly Status (CWS) method provides a more current snapshot of the unemployment situation compared to the UPS method.

• By adopting a seven-day reference period, it captures short-term unemployment and underemployment more effectively.

• A person is categorized as unemployed if they did not work for even one hour during the entire week and were available for work.

• This method is particularly useful for identifying weekly fluctuations in employment and understanding the impact of short-term economic shocks on the labor market.

• It presents a higher estimate of unemployment than UPS because it is more sensitive to temporary job losses or inability to find work for even a brief period.