Tag: Periodic Labour Force Survey (PLFS) Annual Report 2022-2023 Released

ECONOMICS

Reports and Indices Periodic Labour Force Survey (PLFS) Annual Report 2022-2023 Released The sixth Annual Report is released by the National Sample Survey Office (NSSO) on the basis of Periodic Labour Force Survey conducted during July 2022-June 2023. Key Findings of PLFS, Annual Report 2022- 2023 Increasing Trend in Labour Force Participation Rate (LFPR) for persons of age 15 years and above: In rural areas, LFPR increased from 50.7% in 2017-18 to 60.8% in 2022-23 while for urban areas it increased from 47.6% to 50.4%. LFPR for male in India increased from 75.8% in 2017-18 to 78.5% in 2022-23 and corresponding increase in LFPR for female was from 23.3% to 37.0%. Increasing Trend is observed in Worker Population Ratio (WPR) for persons of age 15 years and above.  Decreasing Trend is observed in Unemployment Rate (UR) for persons of age 15 years and above India's unemployment rate for persons aged 15 years and above was recorded at a six-year low of 3.2 per cent during July 2022-June 2023.  Note  LFPR - Percentage of persons in the labour force who are working or seeking or available for work. WPR - Percentage of employed persons in the population. UR - Percentage of persons unemployed among the persons in the labour force. About Periodic Labour Force Survey (PLFS) Annual Report Launch - April 2017. Five Annual Reports have been released so far.