Question

Identify the false statement concerning Current Weekly Status (CWS) unemployment.

1. The CWS method defines a person as unemployed if they were not able to work for even an hour during the seven-day reference period.
2. The reference period for Current Weekly Status unemployment is one month preceding the date of survey.
3. CWS estimates are generally higher than Usual Principal Activity Status (UPS) estimates because they capture more transient unemployment.

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

Answer 1

Answer:

A. ii മാത്രം

• The Current Weekly Status (CWS) method is designed to capture current unemployment trends over a short period.

• Its defining characteristic is the seven-day reference period, not a month.

• This method identifies individuals who were seeking work but failed to secure even an hour of employment within that specific week.

• Unlike the long-term perspective of the UPS, CWS is more sensitive to short-term changes in the labor market and provides a higher estimate of unemployment as it includes those who might be temporarily out of work or in transition.

• It is particularly useful for assessing recent changes in the employment landscape.