situation vs status

situation and status both are nouns.

Word	Noun	Adjective	Verb	Adverb
situation	Yes	No	No	No
status	Yes	No	No	No

As nouns, status is a hypernym of situation; that is, status is a word with a broader meaning than situation:

Other hypernyms of situation include condition.

situation (noun)	status (noun)
a job in an organization	the relative position or standing of things or especially persons in a society
physical position in relation to the surroundings	a state at a particular time
the general state of things; the combination of circumstances at a given time
a condition or position in which you find yourself
a complex or critical or unusual difficulty