Unemployment in India

  What is Unemployment? Unemployment is a situation when a person actively searches for a job and is unable to find work. Unemployment indicates the health of the economy.  The unemployment rate is the most frequent measure of unemployment. The un employment rate is the number of people unemployed divided by the working population or people working under labour force. Unemployment rate = (Unemployed Workers / Total labour force) × 100 National Sample Survey Organization (NSSO) defines employment and unemployment on the following activity statuses of an individual. NSSO, an organization under MoSPI – Ministry of Statistics and Programme Implementation measures India’s unemployment on three approaches: Daily Status Approach : unemployment status of a person under this approach is measured for each day in a reference week. A person having no gainful work even for one hour in a day is described as unemployed for that day. Weekly Status Approach:  This approach highlights the ...