Workforce participation rates

Workforce participation rates refer to the percentage of the working-age population that is either employed or actively seeking work. This measure helps to understand how many people are engaged in the labor market. A high participation rate indicates that a larger share of people are working or looking for jobs, while a low rate may suggest economic challenges or that individuals are opting out of the workforce. Factors influencing these rates include economic conditions, social norms, education, and demographics. Tracking these rates helps policymakers and economists assess the health of the economy and labor market trends.