What is the difference between the employment rate and the labor force participation rate?

Economics Dec 14, 2020

Expert Solution

Employment rate is the proportion of the labor force that is only employed. These rates are susceptible to the business cycles of the economy and are also affected by the government policies. Labor force participation is ascertained to examine the employment age of an economy. It comprises of both the individuals who are employed and those who are not employed.

Archived Solution

Unlocked Solution

You have full access to this solution. To save a copy with all formatting and attachments, use the button below.

Already a member? Sign In

Important Note: This solution is from our archive and has been purchased by others. Submitting it as-is may trigger plagiarism detection. Use it for reference only.

For ready-to-submit work, please order a fresh solution below.

Or get 100% fresh solution

Get Custom Quote