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