Economy, asked by watercan1848, 9 months ago

Write a eassay on the role of unemployment in todays economy 250

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Answered by mousa11
0

Answer:

he National Sample Survey Office (NSSO) has been the key governmental agency in India at the national and state levels to study employment, unemployment and unemployment rates through sample surveys. It does not report employment or unemployment results every quarter nor every year, but generally only once every 5 years. The last three officially released NSSO survey and report on employment and unemployment were completed in 2004–2005, in 2009–2010, and 2011–2012. The 2011-2012 survey was initiated by the Congress-led Manmohan Singh's government because it was felt that the higher unemployment numbers in the 2009-2010 report may have been affected by poor monsoons, and an early survey might yield more accurate and better data.[2] There was no NSSO survey between 2012 and 2017, and a new survey was initiated in 2017–2018. This report has not been officially released by the BJP-led Narendra Modi's government, but the report has been leaked to the media.

According to ILO, the NSSO surveys are India's most comprehensive as they cover small villages in remote corners and islands of India.[1] However, this survey uses unconventional and India-specific terminology. It estimates the activity status of a person by different approaches i.e. "usual status" unemployment and "current status" unemployment. These estimates yield various forms of unemployment numbers, according to an ILO report, and the totals vary based on, factors such as whether a person has, for pay or no pay, "worked at least for 30 days during the reference period of 365", "worked for at least 1 hour on any day during the 7 days preceding the date of survey", and an estimate for "person-hours worked in the reference week" according to its statistical methods".[1] From its sample survey, it estimates a wide range of employment and unemployment statistics, along with the total population of the nation, gender distribution, and a host of other data. The NSSO methodology has been controversial, praised for its scope and effort,also criticized for its "absurd" results and inconsistencies.

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