The Employment Rate Calculator can be used to calculate the employment rate in a given population, which is a key economic indicator.
Learn how to use the Employment Rate Calculator and its working principles
The employment rate is a crucial economic indicator that reflects the proportion of the labor force that is currently employed. It is calculated by dividing the number of employed individuals by the total labor force (employed + unemployed) and multiplying by 100 to get a percentage.
For example, if there are 100 employed individuals and 50 unemployed individuals in a labor force of 150, the employment rate would be (100 / 150) * 100 = 66.67%.