Question: What is the Labor Force Participation Rate?
Answer: The labor force participation rate is the percentage of working-age persons in an economy who:
- Are employed
- Are unemployed but looking for a job
Typically "working-age persons" is defined as people between the ages of 16-64. People in those age groups who are not counted as participating in the labor force are typically students, homemakers, and persons under the age of 64 who are retired. In the United States the labor force participation rate is usually around 67-68%.
More Information on Labor Force Participation Rate
Unemployment Rate & Employment Situation
