What's it: Labor force refers to the share of the working-age population currently employed and those actively looking for work. The working-age population usually refers to those aged 16 to 64 years. However, in some countries, the definition
Labor Force
Labor Force Participation Rate: Formula, Determinants, and Impacts on the Economy
What's it: The labor force participation rate is the labor force's proportion to the working-age population. The labor force consists of working-age individuals who are currently employed and those who are not yet employed but are actively