Labor participation rate

The labor force participation rate is the percentage of healthy, working-age people who are either employed or actively looking for work. It measures how many people in a population are engaged in the labor market at a given time. A high rate indicates that most people who want to work are doing so or seeking employment, while a lower rate may suggest some are not working or actively seeking work due to various reasons, such as discouraged workers, retirement, or other personal choices. This rate helps assess the overall employment health of an economy.