How Do You Calculate Labor Force Participation Rate
by
Labor Force Participation Rate Calculator
The Labor Force Participation Rate (LFPR) is a key economic indicator that measures the proportion of a country's working-age population that is either employed or actively seeking employment. It provides insight into the supply of labor available to an economy.
Result:
function calculateLFPR() {
var totalPopulation = parseFloat(document.getElementById("totalPopulation").value);
var laborForce = parseFloat(document.getElementById("laborForce").value);
var resultElement = document.getElementById("result");
if (isNaN(totalPopulation) || isNaN(laborForce) || totalPopulation totalPopulation) {
resultElement.textContent = "The Labor Force cannot be greater than the Total Working-Age Population. Please check your numbers.";
return;
}
var lfpr = (laborForce / totalPopulation) * 100;
resultElement.textContent = lfpr.toFixed(2) + "%";
}
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margin: 20px auto;
padding: 20px;
border: 1px solid #ddd;
border-radius: 8px;
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.calculator-container h2 {
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margin-bottom: 20px;
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.form-group label {
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font-size: 16px;
transition: background-color 0.3s ease;
}
button:hover {
background-color: #0056b3;
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.result-section {
margin-top: 30px;
padding-top: 20px;
border-top: 1px solid #eee;
}
.result-section h3 {
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#result {
font-size: 1.2em;
font-weight: bold;
color: #28a745;
}