Job crisis for real as unemployment hits 6.1%, highest in 45 years

Business Standard was the first to report in January that the unemployment rate had risen to a 45-year-high, quoting NSSO's periodic labour force survey.

A day after taking took oath, the National Democratic Alliance (NDA) government released the first periodic labour force survey (PLFS) which showed the unemployment rate at a 45-year-high of 6.1 per cent in 2017-18.

Chief statistician Pravin Srivastava, while releasing the report, said the figures from the past were not “strictly comparable” due to a change in sampling design and frame, but the PLFS report itself has compared figures from the past. The report has also given an explanatory note on the change in sampling design, data collection methods, sample collection, among others.

Business Standard was the first