Glossary · Macro · Unemployment

Labor-force participation rate

The share of the working-age population that is in the labor force, working or looking. It captures trends the unemployment rate misses, like more women entering work or an ageing population retiring.

Also called: participation rate, LFPR

Taught in: Measuring Unemployment

Related terms

Labor force Unemployment rate

More from unemployment

Cyclical unemployment Discouraged workers Frictional unemployment Natural rate of unemployment Okun's law Structural unemployment

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