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Originally Posted by onwebcam
Labor Force Participation Rate
While studying employment, another important figure to determine is the labor force participation rate. Here, we compare the size of the labor force with the number of people that could potentially be a part of the labor force. It is important to note that we do not include people under the age of 16 in this figure. In addition, students, retirees, the disabled, homemakers, and the voluntarily idle are not counted in the labor force. The labor force as the percentage of the total population over the minimum working age is called labor force participation rate.
Participation Rate Definition | Investopedia |
Exactly. People who are not working are not counted as part of the labor force. But they are counted as part of the labor participation rate. The labor participation rate includes everyone over the age of sixteen.
AGAIN.... The labor force participation rate started to decline in 2000 when the economy was good, not when the economy went to shit or when Obama took office after the economy went to shit. You can try to blame the decline in the labor force participation rate on the economy or Obama, but this is just not correct.