Labour+Force+Participation+Rate

 The labor force participation rate explains how an increase in the unemployment rate can occur simultaneously with an increase in employment. It is the percentage of working-age persons in an economy who are employed and unemployed but looking for a job.  Ages of 16-64 are typically working-age persons. The students, homemakers, and the persons under the age of 64 who are retired are not considered as participating in the labor force. During the later half of the 20th century in the West, the labor force participation rate has been increased significantly, mainly due to the more number of women entering in the workplace. When the rate of growth of the population increases more than the expectation that of the employed and unemployed together, the labor force participation rate can decrease. If more number of new workers enter the labor force but only a small fraction become employed, then the increase in the number of unemployed workers can outpace the growth in employment. The principle of labor force participation rate can be calculated by, Labor force / working-age population × 100
 * THE LABOR FORCE PARTICIPATION RATE **

The labor force participation rate is a main element in long-term economic development and it is considered to be as important as production.

**BIBLIOGRAPHY ** @http://economics.about.com/od/unemploymentrate/f/labor_force.htm http://ideas.repec.org/h/sls/lfpcbe/04.html