employment rate

Definitions

The percentage of the total labor force that is currently employed.

A statistical measure indicating the proportion of the working-age population that holds a job.

Examples

The government announced that the national employment rate has reached a record high this quarter.

Economists are closely monitoring the employment rate to determine the overall health of the labor market.

Synonyms

job rate labor force participation workforce engagement level percentage of employed persons

Antonyms

unemployment rate joblessness rate idleness percentage rate of unemployment