The adult labor-force participation rate tells us the fraction of the population that has chosen to participate in the labor market.

Question

Quizplus · Accepted Answer

The statement is true. The adult labor-force participation rate is defined as the percentage of the adult civilian population that is in the labor force (either employed or unemployed and actively seeking employment). It represents the proportion of the population who have made the decision to participate in the labor market.

The Adult Labor-Force Participation Rate Tells Us the Fraction of the Population