Read the following statements carefully:
Statement 1: Casual workers are hired on a permanent basis and also get social security benefits.
Statement 2: Workforce comprises, both employed and unemployed persons.
- Statement 1 is false:
Casual workers are typically employed on a temporary basis without the guarantee of social security benefits.
- Statement 2 is false:
The workforce comprises only employed individuals; unemployed persons are considered part of the labor force but are not part of the employed workforce.
Conclusion: Both statements are false, so the correct answer is option (D).
Year | Unemployment Rate (in percent) | Number of unemployed (in millions) | Labour Force Participation Rate (in percent) |
2010 | 15 | 30 | 70 |
2020 | 20 | 50 | 80 |