workforce participation

Workforce participation refers to the proportion of people who are either employed or actively looking for work within a specific age group or population. It measures how many individuals are contributing to or seeking to contribute to the economy through employment. High participation indicates a large labor force engaged in work or job search, while low participation can suggest barriers to employment, discouragement, or demographic factors. This metric helps assess the overall health of an economy, the availability of labor, and potential gaps between supply and demand for workers.