How is unemployment different from underemployment? How is unemployment measured in India?
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Unemployment is a situation in which people are willing to work and capable to work, but still they are not getting work. Underemployment, on the other hand, is a situation in which an individual is working much below his potential. As per 27th round of NSSO, three types of estimates are available:
$=\frac{\text{Daily status Umemployment}}{\text{Number of man Days Available}}\times100$
- Usual status unemployment: It is measured in number of persons who remained unemployed for a major part of the year.
- Weekly status unemployment: It is measured in number of persons who did not find any work even for an hour during the week proceeding the survey week.
- Daily status unemployment: Daily status unemployment is measured in terms of number of man days a person was not getting work on a day during the week proceeding the survey week. Out of these three, the daily status unemployment concept is most appropriate because it takes into consideration both open and under employment.
$=\frac{\text{Daily status Umemployment}}{\text{Number of man Days Available}}\times100$
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