CURRENT AFFAIRS

Detailed explanation-1: -The Correct Answer is Usual Status Unemployment.

Detailed explanation-2: -The Usual Status captures long-term unemployment in the economy. For example, if an individual reports as having worked and sought/available for work for seven months during the year or having sought or available for work for seven months then h/she is classified as being in the Labour Force.

Detailed explanation-3: -1. Usual Status Unemployment: Also known as open unemployment or chronic unemployment. This measure estimates the number of persons who remained unemployed for a major part of the year.

Detailed explanation-4: -(i) Usual Status Approach: This approach records only those persons as unemployed who had no gainful work for a major time during the 365 days preceding the date of survey and are seeking or are available for work.

Detailed explanation-5: -The usual Principal Status and Subsidiary Status approach is an extension to the principal status approach. If a person has engaged in any economic activity for a period of 30 days or more during the preceding 365 days a person is considered as employed under this approach.