What is the labor force participation rate?
The labor force participation rate is the share of working-age people employed or actively seeking work.
Definition, calculation and mechanism
People outside the labor force may be studying, caring, retired, ill or discouraged. Unemployment counts job seekers within the labor force, so participation provides necessary context. Working-age definitions may vary.
Interpretation, examples and limits
Participation among women and youth relates to education, care and job opportunities. A rising rate alone says little about job quality. Compare employment rates and hours worked.
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