Employment Rate Calculator

Formula

The formula to calculate the employment rate is:

\[ \text{ER} = \frac{E}{LF} \times 100 \]

Where:

\(\text{ER}\) is the employment rate (%)
\(E\) is the total number of people employed
\(LF\) is the total number of people in the labor force

What is Employment Rate?

The employment rate is defined as the total percentage of people employed out of a possible population. It is an important indicator of the economic health of a country or area, reflecting the proportion of the labor force that is currently employed. A higher employment rate indicates a greater proportion of the population is working, contributing to economic productivity and stability.

Example Calculation

Let's assume the following values:

Total Number of People Employed (E) = 150,000
Total Number of People in the Labor Force (LF) = 200,000

Using the formula:

\[ \text{ER} = \frac{150,000}{200,000} \times 100 = 75\% \]

The Employment Rate (ER) is 75%.