labour force participation rate

What is labour force participation rate?

labour force participation rate definition and meaning on Finance terms:
The labour force as a proportion of the total working age population. The working age population is normally defined as the population aged between 15 and 64 years of age. The labour force comprises both employed and unemployed persons. <

 

reference: https://www.ecb.europa.eu/home/glossary/html/index.en.html

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