Wednesday, February 26, 2025 | 11:54 PM ISTहिंदी में पढें
Business Standard
Notification Icon
userprofile IconSearch

Demonetisation, GST impacted jobs more than NSSO's headline numbers suggest

The unemployment rate, measured in terms of the usual status approach, stood at a 45-year high of 6.1 per cent in the July 2017-June 2018 period

unemployment, jobs
Premium

The activity status of a person is determined on the basis of the reference period of one week

Somesh Jha New Delhi
The real impact of demonetisation and the goods and services tax (GST) — two big economic decisions taken by the Narendra Modi-led National Democratic Alliance — on jobs has been much more than what is shown in the headline unemployment rate figures given in the National Sample Survey Office’s (NSSO's) report for 2017-18.

According to the current weekly status (CWS) approach of the NSSO’s periodic labour force survey (LFPS), the unemployment rate stood at 8.9 per cent in 2017-18. In this approach, the activity status of a person is determined on the basis of the reference period of one week.

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in