The labour force participation rate is
A)the percentage of the labour force who are unemployed or employed.
B)the percentage of the working- age population who are either unemployed or employed.
C)the percentage of the labour force who are employed.
D)equal to the employment rate plus the unemployment rate.
E)the percentage of the working- age population who are employed.

Question

Quizplus · Accepted Answer

The labour force participation rate measures the percentage of the working-age population (those aged 15-64 years) who are either employed or unemployed and actively seeking work. Therefore, option B is the correct choice as it states the definition accurately. Option A refers only to employed and unemployed people, and option C refers only to employed people. Option D is incorrect because the labour force participation rate does not include those who are not in the labour force, and option E refers only to employed people.

The Labour Force Participation Rate Is