Definitions/Comments:
The labour force participation rate describes the proportion of the overall population of working age (15–64 years) that is available on the labour market, irrespective of whether they currently have a job or are unemployed. People who are not available on the labour market include, for example, sick people, early retirees or people who are enrolled in full-time education. The employment rate describes the proportion of 15 to 64-year-olds who actually have a job.
Source: ILO
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