Question

Regarding the unemployment rate measured by Current Weekly Status (CWS) for persons aged 15 years and above in 2023-24, identify the correct statements.

1. The all-India unemployment rate under CWS was 4.9%.
2. Kerala's unemployment rate under CWS was 9.9%.
3. The unemployment rate under CWS for India was higher than the usual status unemployment rate for India.
4. Kerala's CWS unemployment rate was higher than its usual status unemployment rate.

• A. i, ii, iv
• B. iv only
• C. All
• D. ii only

Answer 1

Answer:

A. i, ii, iv

• The Current Weekly Status (CWS) method of measuring unemployment provides a snapshot of joblessness over a shorter period (the reference week), capturing more short-term or transient unemployment compared to the usual status which considers a longer period (365 days).

• A higher CWS rate compared to the usual status rate might indicate significant seasonal unemployment, temporary job losses, or a highly dynamic labour market where individuals frequently move in and out of employment.

• The comparison between CWS and usual status rates is crucial for understanding the nature of unemployment – whether it's chronic or more cyclical.