Question

Consider the following the details as Per Periodic labour Force Survey Report 2023-24.

(1) The unemployment rate for individual aged 15 years and above was 3.2% in 2023-24.

(ii) The urban unemployment rate for people aged 15 years and above was 6.4% in Q2 FY 25.

(iii) The worker-to-population ratio (WPR) has decreased between 2017-18 and 2023-24.

Which of the above statements(s) is/are correct?

Select the correct answer from the options given below:

• A. (ii) and (iii) only
• B. (i) and (ii) only
• C. (i) and (iii) only
• D. (i), (ii) and (iii)

Answer 1

Answer:

B. (i) and (ii) only

The Periodic Labour Force Survey (PLFS) Report 2023-24:

(i) The unemployment rate for individuals aged 15 years and above was 3.2% in 2023-24. According to the PLFS Annual Report (July 2023 - June 2024), the unemployment rate (UR) for persons aged 15 years and above (in usual status) was indeed 3.2%. This rate remained unchanged from the previous year (2022-23), marking the first time since the PLFS began that there wasn't a year-on-year decline. Therefore, Statement (i) is correct.

(ii) The urban unemployment rate for people aged 15 years and above was 6.4% in Q2 FY 25. Reports on quarterly PLFS data (which is released for urban areas only) indicate that the urban unemployment rate for people aged 15 years and above was 6.4% in Q2 FY25 (July-September 2024). Therefore, Statement (ii) is correct.

(iii) The worker-to-population ratio (WPR) has decreased between 2017-18 and 2023-24. The PLFS Annual Report for 2023-24 explicitly states an increasing trend in the Worker Population Ratio (WPR) for persons aged 15 years and above. The WPR increased from 46.8% in 2017-18 to 58.2% in 2023-24. Therefore, Statement (iii) is incorrect.