Question

______ approach to measuring unemployment uses a reference period of 365 days.

Options

• Usual Principal Status

• Usual Principal and Subsidiary Status

• Current Weekly Status

• All of the above

Answer 1

The usual Principal Status approach to measuring unemployment uses a reference period of 365 days.

Explanation:

The 365-day reference period used in the Usual Status technique to calculate unemployment is one year prior to the survey date! For calculating unemployment, use the Jf NS50 formula. The Usual Status method of calculating unemployment takes into account the worker's main and secondary activities.