Labor Force Participation

Labor force participation refers to the proportion of working-age individuals who are actively engaged in the labor market, either by working or seeking employment. It measures how many people are contributing to the economy through jobs and includes both employed and unemployed individuals. A higher participation rate indicates that more people are either working or looking for work, which can suggest economic health. Conversely, a lower rate might indicate economic challenges or that more people are discouraged and have stopped looking for jobs altogether. Understanding this metric helps gauge the overall employment landscape.