Labor Force Participation Rate Calculator
Labor Force Participation Rate Calculator | ||
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Parameter | Description | Example Value |
Labor Force | The total number of people in the labor force (employed + unemployed). | 160 million |
Working-Age Population | The total number of working-age individuals (typically ages 16 and over). | 250 million |
Labor Force Participation Rate | The percentage of the working-age population that is in the labor force. Formula: (Labor Force / Working-Age Population) * 100 |
64% |