Labor Force Participation Rate

AKA: Labor Force Rate, LFPR, Labor Market Participation.
Context:
- It can range from being a Male Labor Force Participation Rate to being a Female Labor Force Participation Rate.
- It can range from being a Working-Age Labor Force Participation Rate (for a working age population) to being a Total Labor Force Participation Rate.
- It can be a Regional-based Measure, a Sex-based Measure, an Age-based Measure.
- It can be reported in a Labor Force Participation Rate Chart.
- It can range from being a High Labor Force Participation Rate to being a Low Labor Force Participation Rate.
Example(s):
- a Global Labor Force Participation Rate.
- a U.S. Labor Force Participation Rate, such as a 2012_U.S. Labor Participation Rate
- a Canada Labor Participation Rate, such as a 2012_Canada Labor Participation Rate.
- a Germany Labor Participation Rate, such as a 2012_Germany Labor Participation Rate.
- a China Labor Participation Rate, such as a 2012_China Labor Participation Rate.
Counter-Example(s):
- a Labor Force Non-Participation Rate.
- an Employment-to-Population Ratio.
- an Unemployment Rate.
- a Production Productivity Rate.
- a Labor Earnings Rate.
- a Job Opening Rate.
- a Median Income Level.
- a Corporate Cash Level,
- a Labor's Share of National Income
See: Military Labor Force, Human Labor.

References

http://en.wikipedia.org/wiki/Unemployment#Labor_force_participation_rate
- The labor force participation rate is the ratio between the labor force and the overall size of their cohort (national population of the same age range). In the West during the later half of the 20th century, the labor force participation rate increased significantly, largely due to the increasing number of women entering the workplace.

(Wikipedia, 2011) ⇒ http://en.wikipedia.org/wiki/Labor_force
- QUOTE: … The labor force participation rate can decrease when the rate of growth of the population outweighs that of the employed and unemployed together. The labor force participation rate is a key component in long-term economic growth, almost as important as productivity.
(Hartley & Zenker, 2011) ⇒ Daniel Hartley, and Mary Zenker. (2011). “Who Is Driving the Decline in the Labor Force Participation Rate?" In: ...
- QUOTE: … unemployment rate has fallen by 0.4 percentage point, to 9.0 percent. However, there was little or no change to the labor force participation rate, which is at its lowest level since the mid-1980s. The fraction of the population that is counted as not being in the labor force has now risen to a level higher than at any time since 1990. (Those counted include the fraction of the U.S. population that is 16 years old or older, not on active duty in the Armed Forces, not living in an institution such as a nursing home or prison, and not employed or currently looking for work.) … In summary, the lowest U.S. labor participation rate since the mid-1980s is being driven by lower participation across all demographic groups, and especially by those under 29. The biggest exception is older men, whose labor force participation rate has actually increased since the beginning of the recession.

(Blau & Goodstein, 2007) ⇒ David Blau, and Ryan Goodstein. (2007). “What Explains Trends in Labor Force Participation of Older Men in the United States?."
- QUOTE: … We investigate the effects of changes in Social Security rules, lifetime earnings, pension coverage, wages, health, health insurance, and the educational composition of the labor force. Our results indicate that the decline in the LFPR from the 1960s through the 1980s cannot be explained by any of these factors. The recent increase in the LFPR of older men can be explained by changes in the composition of the older male population away from high school dropouts and toward college attendees and graduates. ...

http://stats.oecd.org/glossary/detail.asp?ID=2008
- QUOTE: The labour force participation rate is defined as the ratio of the labour force to the working age population, expressed in percentages.
(Juhn & Potter, 2006) ⇒ Chinhui Juhn, and Simon Potter. (2006). “Changes in Labor Force Participation in the United States.” In: The Journal of Economic Perspectives, 20(3).
- QUOTE: The labor force participation rate in the United States increased almost continuously for two-and-a-half decades after the mid-1960s, pausing only briefly during economic downturns, as shown in Figure 1, where the shaded regions signify recessions. The pace of growth slowed considerably during the 1990s, however, and after reaching a record high of 67.3 percent in the first quarter of 2000, participation had declined by 1.5 percentage points by 2005. This paper reviews the social and demographic trends that contributed to the movements in the labor force participation rate in the second half of the twentieth century. It also examines the manner in which developments in the 2000s reflect a break from past trends. … The labor force participation rate is defined as the percentage of the working-age population who are either working (the employed) or not working but actively searching for work (the unemployed).

(OECD, 2001) ⇒ http://stats.oecd.org/glossary/detail.asp?ID=2008
- QUOTE: The labour force participation rate is defined as the ratio of the labour force to the working age population, expressed in percentages. The labour force participation rate is a measure of the extent of an economy’s working-age population that is economically active. It provides an indication of the relative size of the supply of labour available for the production of goods and services. The breakdown of the labour force by sex and age group gives a profile of the distribution of the economically active population within a country