The Labor force participation rate of United States of America attained a value of 74.46 % in 2023
The indicator recorded a historical change (bps difference) of 148 bps between 2020 to 2023, and is expected to grow by...
GlobalData projects the figure to change by 74 bps between 2024 and 2028, reaching...
Labor Force Participation
The Labor force participation rate is defined as the ratio of the total labor force of working age that are either employed or seeking employment, to the overall size of the total population in the same age group. The labor force or workforce of a country comprises the number of people of working age who are either employed or seeking employment. Typically, this would include everyone of working age `to work. People excluded are those falling outside the working-age group (such as students and retired persons), as well as people of working age who, either voluntarily or due to other constraints, are not seeking employment in the period under consideration (such as stay-at-home parents and people in prisons or similar institutions).
The Female labor force participation rate is defined as the ratio of a female labor force of working age that are either employed or seeking employment, to the overall size of the total female population in the same age group. The Male labor force participation rate is defined as the ratio of a male labor force of working age that is either employed or seeking employment, to the overall size of the total male population in the same age group.
Labor Force Participation Rate of the United States
The labor force participation rate of the United States was 69.8% in 2021. The rate was highest in 2018 and 2019 at 72.6% and lowest in 2020 at 69.2%, between 2018 and 2021.
Labor Force: Global Scenario
According to GlobalData, Qatar had the highest labor force participation rate in the world in 2021 at 88.6%, followed by Madagascar (87.3%), Nepal (86.3%), Solomon Islands (85.3%), Iceland (85.1%), Cambodia (84.8%), Tanzania (84.5%) and Rwanda (84.2%).
The country with the lowest labor force participation rate was Yemen at 39.0%, followed by Jordan (43.2%), Algeria (43.6%), Tajikistan (43.7%), Comoros (44.0%), Iraq (44.2%), Samoa (46.6%), Iran (46.7%) and Egypt (46.9%).
Factors that Impact Labor Force Participation Rate
Some of the major factors impacting the labor force participation rate in the country include birth rate, disability, education, marital status, economy, demographic, and social factors.
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