Context: Decline in the unemployment rate, as demonstrated by the recent Periodic Labour Force Survey (PLFS), is based on a statistical approach that masks the deterioration in the quality of employment on the ground.
Highlights of PLFS
Issues with Employment and its estimation: The decline in unemployment presents a different picture.
Conclusion: These metrics suggest that the decline in unemployment rate based on the usual status approach masks a deterioration in the quality of employment and rising underemployment, challenges which are only likely to have intensified post-Covid.