Participation Rate A Term You Need to Know
Participation rate is a measure of the proportion of the population that is either employed or actively looking for employment. It is calculated by dividing the labor force (which includes both employed and unemployed individuals) by the working-age population (those aged 15 years and older).
For Canada, the participation rate is typically reported on a monthly basis by Statistics Canada, the country’s national statistical agency. As of September 2021, the participation rate for Canada was 65.2%, meaning that just over two-thirds of the working-age population was either employed or actively looking for work.
It is worth noting that the participation rate can be influenced by a number of factors, including demographic trends (such as the aging of the population), changes in labor market conditions, and government policies related to employment and social welfare. As such, it is an important indicator of the health of the labor market and the broader economy.View More Definitions
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