Labour Force Participation Rate

  • The labour force participation rate is the measure to evaluate working-age population in an economy.
  • The participation rate refers to the total number of people or individuals who are currently employed or in search of a job.
  • People who are not looking for a job such as full-time students, homemakers, individuals above the age of 64 etc. will not be a part of the data set.
  • This is an important metric when the economy is not growing or is in the phase of recession. It is that time when people look at the unemployment ....
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