Employment rates

Employment rate is the percentage of people within a working-age population who are actively employed. It reflects how many individuals who want to work and are able to work have jobs. A higher employment rate indicates a healthy economy with more people working, while a lower rate suggests fewer people are employed, possibly due to economic challenges. It helps economists and policymakers understand the state of the job market and the economy's overall health, guiding decisions on policies to promote employment and economic growth.