Workforce Participation
Workforce participation refers to the percentage of the working-age population that is either employed or actively seeking employment. This metric helps to gauge the economic health of a region, as higher participation rates often indicate a robust job market and greater opportunities for individuals to find work.
Factors influencing workforce participation include economic conditions, education levels, and demographic trends. For instance, during economic downturns, participation may decline as people become discouraged and stop looking for jobs. Conversely, initiatives that promote job training and education can enhance participation by equipping individuals with the skills needed for available positions.