"Labor participation rate refers to the proportion of the population of labor in a country or region (usually refers to 15 years of age). It is an important indicator for assessing the economic development level of a country or region.

The calculation formula of the labor participation rate is: labor participation rate = population of labor / population of labor age × 100%. In this formula, the "population of labor" includes the employment population and the self -entrepreneurial population, but does not include the unemployed population and the population that does not participate in labor.

The labor participation rate can reflect the employment level, economic vitality and social development level of a country or region. Higher labor participation rates usually mean stronger economic strength and higher employment rates, which can promote economic development and social stability in the country or region. The low labor participation rate may mean problems such as economic atrophy, lack of employment and population aging.

It should be noted that the labor participation rate is not perfect. For example, it cannot reflect factors such as employment quality, wage level and social security, nor can it distinguish between full -time and part -time work, formal and informal employment. Therefore, it should be used with other indicators to better evaluate the economic and social conditions of a country or region. "