Economic activity rate

Economic activity rate, EAR (or labor force participation rate, LFPR), is the percentage of the population, both employed and unemployed, that constitutes the manpower supply of the labor market, regardless of their current labor status.[1]

This figure is a measure of the degree of success of the economy in engaging the population in some form of production activity.

It is an indicator that also reflects demographic trends.

References

  1. ↑ Economic activity of residents - Facts and Figures
This article is issued from Wikipedia - version of the Sunday, March 13, 2016. The text is available under the Creative Commons Attribution/Share Alike but additional terms may apply for the media files.