employment-to-population ratio

The employment-to-population ratio is a measure that shows the percentage of people of working age who are currently employed. It helps gauge how well the economy is providing jobs for those who want to work. A higher ratio indicates more people are working relative to the overall working-age population, while a lower ratio suggests fewer are employed. It’s useful for understanding employment trends over time and the overall health of the job market, independent of unemployment rates, as it considers the entire working-age population, not just those actively seeking work.