Labor Force Statistics

Labor force statistics measure the number of people who are either employed or actively seeking work in a country. It provides insights into how many people are participating in the economy's workforce, helping to gauge economic health. The key figures include the unemployment rate, which shows the percentage of unemployed individuals looking for jobs, and the labor force participation rate, indicating the proportion of working-age people engaged in work or job searching. These stats help policymakers, businesses, and individuals understand employment trends, economic strength, and areas needing attention.