Context: The Periodic Labour Force Surveys (PLFS) have recently been monitoring the gender earnings gap across various forms of employment from April to June 2019 to 2023.
Key Points
Periodic Labour Force Surveys (PLFS)
o Labor Force Participation Rate (LFPR): LFPR represents the proportion of individuals in the population who are part of the labor force, meaning they are either employed, actively seeking employment, or available for work.
o Worker Population Ratio (WPR): WPR denotes the percentage of the population that is employed.
o Unemployment Rate (UR): UR indicates the percentage of individuals within the labor force who are currently unemployed.