In 2001, the number of people in the working-age population in a country increased from 212.6 million to 215.1 million, while the labor force increased from 141.5 million to 142.3 million.By how much did the labor-force participation rate change?

Question

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The labor-force participation rate is calculated as (labor force / working-age population) * 100. Initially, the rate was (141.5 / 212.6) * 100 = 66.6%. Later, it became (142.3 / 215.1) * 100 = 66.2%. The change is 66.2% - 66.6% = -0.4 percentage points.

In 2001, the Number of People in the Working-Age Population