Facts for Prelims (FFP)
Source: PIB
Context: The Periodic Labour Force Survey (PLFS) Annual Report for 2022-2023 has been released, focusing on key employment and unemployment indicators. The survey’s key findings are as follows:
Labour Force Participation Rate (LFPR):
The labour force participation rate (LPR) is a measure of the proportion of a country’s working-age population that is actively engaged in the labour market.
- An increasing trend in LFPR for persons aged 15 years and above was observed
- In rural areas, LFPR increased from 50.7% in 2017-18 to 60.8% in 2022-23.
- In urban areas, LFPR increased from 47.6% to 50.4% over the same period.
- LFPR for males in India increased from 75.8% in 2017-18 to 78.5% in 2022-23.
- For females, LFPR increased from 23.3% to 37.0% during this time.
Worker Population Ratio (WPR):
The worker-population ratio (WPR) is the ratio of a country’s working population to its population, multiplied by 100. It’s calculated by dividing the total number of workers by the total population.
- The survey showed an increasing trend in WPR for persons aged 15 years and above.
- In rural areas, WPR increased from 48.1% in 2017-18 to 59.4% in 2022-23.
- In urban areas, WPR increased from 43.9% to 47.7% during the same period.
- WPR for males in India increased from 71.2% in 2017-18 to 76.0% in 2022-23.
- For females, WPR increased from 22.0% to 35.9% over this time frame.
Unemployment Rate (UR):
The unemployment rate is the percentage of unemployed workers in the total labour force. The labour force includes all people who are employed or unemployed. The unemployment rate is calculated by dividing the number of unemployed people by the total labour force.
- A decreasing trend in UR for persons aged 15 years and above was observed.
- In rural areas, UR decreased from 5.3% in 2017-18 to 2.4% in 2022-23.
- In urban areas, UR decreased from 7.7% to 5.4% during the same period.
- UR for males in India decreased from 6.1% in 2017-18 to 3.3% in 2022-23.
- For females, UR decreased from 5.6% to 2.9% over this time frame.
