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Labor Force Participation Rate Calculator

LAST UPDATE: August 26th, 2018

Calculator

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

Labor Force Participation Rate = Labor Force / Working Age Non-Institutionalized Population

Labor Force is the number of employed + the number of unemployed.

Example

A country has 400,000 employed, 100,000 unemployed, and a working age non-institutionalized population of 550,000.

Labor Force Participation Rate = (400,000 + 100,000) / 550,000 = 500,000 / 550,000 = 0.9090

Therefore, the Labor Force Participation Rate is 0.9090 or 90.90%.

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