Economic activity rate explained

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.

Notes and References

  1. Web site: 2020-01-28. Definition of activity rate. 2022-01-31. Economics Online. en.
  2. https://factsandfigures.herefordshire.gov.uk/about-a-topic/economy/economic-activity-of-residents.aspx Economic activity of residents - Facts and Figures