Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 150
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
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Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 151
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::index() - APP/Controller/ArtileDetailController.php, line 151
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Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
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Warning (512): Unable to emit headers. Headers sent in file=/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php line=853 [CORE/src/Http/ResponseEmitter.php, line 48]
Code Context
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        LATEST NEWS UPDATES | The invisible churn in India’s labour markets -Abhishek Jha    </title>
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A country&rsquo;s unemployment rate can increase or decrease over time, and people can move from one form of employment to another. But headline numbers on unemployment rate and kind of employment do not tell us about the degree of..."/>
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                            <p style="text-align:justify">-Hindustan Times</p><p style="text-align:justify"><em>A country&rsquo;s unemployment rate can increase or decrease over time, and people can move from one form of employment to another. But headline numbers on unemployment rate and kind of employment do not tell us about the degree of churn in the labour market.</em></p><p style="text-align:justify">One of the most basic concepts in economics is stock versus flow. Stock is a variable measured at a point in time. An individual&rsquo;s net worth is a stock variable. Flow, on the other hand, is measured over a period of time. GDP, measured in a quarter or a year, is a flow variable.</p><p style="text-align:justify">It makes little sense to compare stock and flow.</p><p style="text-align:justify">In certain cases, neither stock nor flow may be to represent a certain concept. Labour markets are a good example. A country&rsquo;s unemployment rate can increase or decrease over time, and people can move from one form of employment to another. But headline numbers on unemployment rate and kind of employment do not tell us about the degree of churn in the labour market.</p><p style="text-align:justify">For instance, consider 100 workers and 50 unemployed people in an economy in a given period. Suppose this number changes to 105 and 45 in the next period. This could be a result of five unemployed persons joining the ranks of the employed or 40 employed persons joining the rank of the unemployed and 45 of those unemployed in the first period finding employment. As is obvious, the extent of churn in the labour market will be far greater in the second case than the first.</p><p style="text-align:justify">Please <a href="https://www.hindustantimes.com/india-news/the-invisible-churn-in-india-s-labour-markets-101635721976389.html" title="https://www.hindustantimes.com/india-news/the-invisible-churn-in-india-s-labour-markets-101635721976389.html">click here</a> to read more.&nbsp;</p>                                                           
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    <br><a href="https://www.hindustantimes.com/india-news/the-invisible-churn-in-india-s-labour-markets-101635721976389.html" class="re" target="_blank">Hindustan Times, 1 November, 2021, https://www.hindustantimes.com/india-news/the-invisible-churn-in-india-s-labour-markets-101635721976389.html</a><div class="clear"></div>
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    <h1 class="cat-box-title">The invisible churn in India’s labour markets -Abhishek Jha</h1>
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                            <p style="text-align:justify">-Hindustan Times</p><p style="text-align:justify"><em>A country&rsquo;s unemployment rate can increase or decrease over time, and people can move from one form of employment to another. But headline numbers on unemployment rate and kind of employment do not tell us about the degree of churn in the labour market.</em></p><p style="text-align:justify">One of the most basic concepts in economics is stock versus flow. Stock is a variable measured at a point in time. An individual&rsquo;s net worth is a stock variable. Flow, on the other hand, is measured over a period of time. GDP, measured in a quarter or a year, is a flow variable.</p><p style="text-align:justify">It makes little sense to compare stock and flow.</p><p style="text-align:justify">In certain cases, neither stock nor flow may be to represent a certain concept. Labour markets are a good example. A country&rsquo;s unemployment rate can increase or decrease over time, and people can move from one form of employment to another. But headline numbers on unemployment rate and kind of employment do not tell us about the degree of churn in the labour market.</p><p style="text-align:justify">For instance, consider 100 workers and 50 unemployed people in an economy in a given period. Suppose this number changes to 105 and 45 in the next period. This could be a result of five unemployed persons joining the ranks of the employed or 40 employed persons joining the rank of the unemployed and 45 of those unemployed in the first period finding employment. As is obvious, the extent of churn in the labour market will be far greater in the second case than the first.</p><p style="text-align:justify">Please <a href="https://www.hindustantimes.com/india-news/the-invisible-churn-in-india-s-labour-markets-101635721976389.html" title="https://www.hindustantimes.com/india-news/the-invisible-churn-in-india-s-labour-markets-101635721976389.html">click here</a> to read more.&nbsp;</p>                                                           
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    <br><a href="https://www.hindustantimes.com/india-news/the-invisible-churn-in-india-s-labour-markets-101635721976389.html" class="re" target="_blank">Hindustan Times, 1 November, 2021, https://www.hindustantimes.com/india-news/the-invisible-churn-in-india-s-labour-markets-101635721976389.html</a><div class="clear"></div>
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        LATEST NEWS UPDATES | The invisible churn in India’s labour markets -Abhishek Jha    </title>
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A country&rsquo;s unemployment rate can increase or decrease over time, and people can move from one form of employment to another. But headline numbers on unemployment rate and kind of employment do not tell us about the degree of..."/>
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    <h1 class="cat-box-title">The invisible churn in India’s labour markets -Abhishek Jha</h1>
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                            <p style="text-align:justify">-Hindustan Times</p><p style="text-align:justify"><em>A country&rsquo;s unemployment rate can increase or decrease over time, and people can move from one form of employment to another. But headline numbers on unemployment rate and kind of employment do not tell us about the degree of churn in the labour market.</em></p><p style="text-align:justify">One of the most basic concepts in economics is stock versus flow. Stock is a variable measured at a point in time. An individual&rsquo;s net worth is a stock variable. Flow, on the other hand, is measured over a period of time. GDP, measured in a quarter or a year, is a flow variable.</p><p style="text-align:justify">It makes little sense to compare stock and flow.</p><p style="text-align:justify">In certain cases, neither stock nor flow may be to represent a certain concept. Labour markets are a good example. A country&rsquo;s unemployment rate can increase or decrease over time, and people can move from one form of employment to another. But headline numbers on unemployment rate and kind of employment do not tell us about the degree of churn in the labour market.</p><p style="text-align:justify">For instance, consider 100 workers and 50 unemployed people in an economy in a given period. Suppose this number changes to 105 and 45 in the next period. This could be a result of five unemployed persons joining the ranks of the employed or 40 employed persons joining the rank of the unemployed and 45 of those unemployed in the first period finding employment. As is obvious, the extent of churn in the labour market will be far greater in the second case than the first.</p><p style="text-align:justify">Please <a href="https://www.hindustantimes.com/india-news/the-invisible-churn-in-india-s-labour-markets-101635721976389.html" title="https://www.hindustantimes.com/india-news/the-invisible-churn-in-india-s-labour-markets-101635721976389.html">click here</a> to read more.&nbsp;</p>                                                           
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    <br><a href="https://www.hindustantimes.com/india-news/the-invisible-churn-in-india-s-labour-markets-101635721976389.html" class="re" target="_blank">Hindustan Times, 1 November, 2021, https://www.hindustantimes.com/india-news/the-invisible-churn-in-india-s-labour-markets-101635721976389.html</a><div class="clear"></div>
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The invisible churn in India’s labour markets -Abhishek Jha

Published on Nov 1, 2021   Modified on Nov 1, 2021

-Hindustan Times A country’s unemployment rate can increase or decrease over time, and people can move from one form of employment to another. But headline numbers on unemployment rate and kind of employment do not tell us about the degree of churn in the labour market. One of the most basic concepts in economics is stock versus flow. Stock is a variable measured at a point in time. An individual’s net worth is a stock variable. Flow, on the other hand, is measured over a period of time. GDP, measured in a quarter or a year, is a flow variable. It makes little sense to compare stock and flow. In certain cases, neither stock nor flow may be to represent a certain concept. Labour markets are a good example. A country’s unemployment rate can increase or decrease over time, and people can move from one form of employment to another. But headline numbers on unemployment rate and kind of employment do not tell us about the degree of churn in the labour market. For instance, consider 100 workers and 50 unemployed people in an economy in a given period. Suppose this number changes to 105 and 45 in the next period. This could be a result of five unemployed persons joining the ranks of the employed or 40 employed persons joining the rank of the unemployed and 45 of those unemployed in the first period finding employment. As is obvious, the extent of churn in the labour market will be far greater in the second case than the first. Please click here to read more.

Hindustan Times, 1 November, 2021, https://www.hindustantimes.com/india-news/the-invisible-churn-in-india-s-labour-markets-101635721976389.html

Tagged with: Churn in the labour market Unemployment Rate Panel Data Periodic Labour Force Survey PLFS panel-data technique panel-data analysis Codes Jyotirmoy Bhattacharya Underreporting

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