Labour force participation rate 15+, both sexes

The labour force participation rate is the proportion of the population aged 15 and above (referring to working age population) that engages actively in the labour market, either by working or looking for work. In other words it is the labour force (employed persons + unemployed persons) divided by working age population. It provides an indication of the relative size of the supply of labour available to engage in the production of goods and services.