Labor Participation % 2012: 55.9%
So number of ppl either looking or have a job: 1233 * 55.9% = 689mn
Employement Rate 2012: 54.7%
People employed: 1233 * 54.7% =674.5mn
Unemployment Rate: 2%, 14.8mn
Labor Participation % 2018: 49.8%
So number of ppl either looking or have a job: 1336 * 49.8% = 665mn
Employement Rate 2018: 46.8%
People employed: 1336 * 46.8% =625mn
Unemployment Rate/People: 6%, 40.8mn
AGRI accounted for almost 45mn job losses
while the NON-AGRI side contributed to a net loss of 2mn Job losses.
The PLFS for the first time has captured such earnings and the picture isn’t pretty.
As much as 70% of the self-employed were own account workers, an official categorization of self-employed workers who run