Labour Force Participation Rate

The Labour Force Participation Rate is the percentage of people aged 15 or older who are either working or actively looking for work out of the total population in that age group. It measures how many eligible individuals are engaged in the workforce, reflecting economic activity and potential labor supply. A higher rate indicates more people are working or seeking work, while a lower rate suggests fewer people are participating in the labor market. This metric helps assess the strength and dynamics of an economy's employment landscape.