Economic activity rate in the context of "Work force"

⭐ In the context of the work force, the economic activity rate is considered…

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⭐ Core Definition: 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 workforce, regardless of whether they are currently employed or job searching.

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

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👉 Economic activity rate in the context of Work force

In macroeconomics, the workforce or labour force is the sum of people either working (i.e., the employed) or looking for work (i.e., the unemployed):

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