Labor Market Participation

Labor market participation refers to the proportion of the population that is either employed or actively seeking work. It indicates how many people are available and willing to work within an economy. Factors influencing participation include economic conditions, social norms, and personal circumstances. A high participation rate suggests a healthy, engaged workforce, while a low rate may indicate barriers to employment or demographic trends, such as retirements or educational pursuits. Tracking this metric helps assess economic health, labor supply, and potential for growth or slack in the job market.