Employment rate

The employment rate is the percentage of the working-age population that is currently employed. It reflects the economic health of a region by indicating how many people have jobs compared to those who are available to work. A higher employment rate suggests a strong economy where jobs are plentiful, while a lower rate may indicate economic challenges or a lack of job opportunities. It’s an important measure for understanding labor market conditions and is often used by policymakers to gauge the effectiveness of economic strategies.