Explain the significance of the recent changes made to the Periodic Labour Force Survey (PLFS) with respect to labour market data estimation in the country.
Main Body
The National Statistics Office under MOSIT announced new changes to PLFS to better occupant employment data in the country. Key changes: - Increased sample size by almost 2.5x times - Monthly estimate of labour data - Quarterly estimate even for rural areas - Calendar option aligned to pre-Jan cycle - Improved geographical coverage through district level data collection Significance: (1) Increase statistical validity of data due to increased sample ii District level data collection improves data quality & accuracy iii Improved structured baseline leading to understanding from on quality (much forward) Aligns to ILO Standards iv Externally has employed structural leading to underestimating from on quality (much forward) Aligns to ILO Standards The recent amendments are a step in the right direction to achieve SDG 8 - decent work for all
iii Better representation of problems of rural labour force City validity data enable immediate sectoral action iv District level data collection improves data quality & accuracy Presenting issues: (1) Not aligned to international standards of ILO ii Externally has employed structure leading to underestimating from on quality (much forward) Aligns to ILO Standards for on quality (much forward) Aligns to ILO Standards and for all The recent amendments are a step in the right direction to achieve SDG 8 - decent work for all
Conclusion
The recent amendments are a step in the right direction to achieve SDG 8 - decent work for all
19 words
ARYAN SIRSIKAR
Economic Development
Employment related issues
Labour Force Survey
234
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formal
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