Principles of Macroeconomics / Unit 5 MAC 0405 short lesson, about 20 seconds
The Participation Rate
Captions available
The idea
The labor force participation rate is the labor force as a percentage of the civilian noninstitutional population. It answers a different question from the unemployment rate.
In practice
One asks how many of those looking cannot find work; the other asks how many are taking part at all.
Where people slip
Both can fall at the same time, if people stop looking rather than finding jobs.
Your place on the trail
Every lesson rests on earlier ones and opens later ones. Tap any to jump.
Builds on
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