# Labor Force Participation Rate Calculator

LAST UPDATE: June 20th, 2018

## What is the labor force participation rate?

The labor force participation rate is the percentage of people who are in the labor force (number of employed and unemployed) at a given time out of all people in the population.

## Formula

$\text{Labor Force Participation Rate} = \frac{\text{Labor Force}}{\text{Working Age Non-Institutionalized Population}}$