Labour Force Participation

Labour Force Participation refers to the percentage of the working-age population that is either employed or actively seeking employment. It provides insights into the economy’s health and individuals' engagement in the job market. A higher participation rate suggests more people are working or looking for work, indicating economic vitality. Conversely, a lower rate may signal challenges like unemployment or a lack of job opportunities. This metric is important for policymakers and economists to assess the labor market and formulate strategies to improve employment conditions.