AnswerParticipation Rate = # employed + # unemployed
------------------------------------------------- X 100
civilian non-institutionalized population (people 16 years old or older, not in prison, military, etc.)
Unemployment Rate = # unemployed
----------------------------------- X 100
# unemployed + # employed
Employment Rate = # employed
------------------------------------------------ X 100
civilian non-institutionalized population
to calculate the labor force participation rate use the equation:
LFP = CLF/ CNIP -- meaning labor force participation is calculated by dividing the civilian
labor force by the civilian non-institutional population.
as for the unemployment rate use:
unemployment rate = unemployment/ CLF
and for the employment rate use:
employment rate = employment/ CNIP
to calculate the labor force participation rate use the equation:
see the Related Link below for a full explanation.