This calculator helps determine the employment rate by comparing the number of employed individuals to the total working-age population.
Learn how to use the Employment Rate Calculator and its working principles
The employment rate is a key economic indicator that measures the proportion of the working-age population that is currently employed. It is calculated as:
Employment Rate = (Number of Employed / Working-Age Population) × 100%
This percentage provides insight into the labor market's health and economic activity. A higher employment rate generally indicates a stronger economy with more job opportunities available to the working-age population.
For example, if there are 150 employed individuals in a working-age population of 200, the employment rate would be:
Employment Rate = (150 / 200) × 100% = 75%
This means that 75% of the working-age population in this example is currently employed.