Verified answer

The labor force participation rate is the percentage of working-age persons in an economy who:

* Are employed

* Are unemployed but looking for a job

Typically "working-age persons" is defined as people between the ages of 16-64. People in those age groups who are not counted as participating in the labor force are typically students, homemakers, and persons under the age of 64 who are retired. In the United States the labor force participation rate is usually around 67-68%.

Unemployment fee. Retirees and persons who're doing different issues are no longer searching for paintings. The unemployment fee in straightforward terms counts people who actual decide for to be employed and are in seek of jobs. Edit: for occasion, i individually understand 2 people who would desire to be working yet are no longer. One has been taking cruises to unique ports and yet another is beginning a employer. they do no longer seem to be precisely “unemployed” yet they do no longer seem to hitch the present paintings stress. you may desire to be waiting to be specific as to what you are attempting to allege and in what context. attempting to extrapolate information bearing directly to the motives of persons who're no longer working is perplexing.