, 4 tweets, 2 min read Read on Twitter
Part II (Thread): Demonetisation & GST destroyed more jobs than you could think. The NSSO's report throws a light on this. So, the unemployment rate is measured in two ways in the teport: usual status & current weekly status.
Usual approach is always followed for the headline unemployment numbers in India. However, the current weekly status approach is the best measure the impact of demonetisation and GST on jobs, experts and former chief statisticians told @bsindia
Now, according to the CWS approach, the unemployment rate stood at 8.9% in 2017-18 - more than the 45-year high rate of 6.1% (usual status approach), as reported by @bsindia yesterday.
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