Economics · Employment and Labour Force Indicators
Consider the following statements regarding labour force indicators in India as published in official periodic surveys: 1. The Usual Status (ps+ss) captures chronic unemployment but may understate seasonal employment fluctuations. 2. Current Weekly Status (CWS) is more sensitive to short-term employment shocks than Usual Status. 3. Worker Population Ratio (WPR) necessarily moves in the same direction as Labour Force Participation Rate (LFPR). Which of the statements given above are correct?
- 11 and 2✓
- 2Only 3
- 3Only 2
- 4Only 1
Correct answer
1 and 2
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