Economic activity rate

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Economic activity rate, EAR (or labor force participation rate , LFPR) is the percentage of the population, both employed and unemployed, [1] that constitutes the workforce, regardless of whether they are currently employed or job searching. [2]

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.

References

  1. ↑ "Definition of activity rate". Economics Online. 2020-01-28. Retrieved 2022-01-31.
  2. ↑ Economic activity of residents - Facts and Figures


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