employment rate
/ɛmˈploʊɪmənt reɪt/ · em.ploy.ment.rate
noun
- A statistical measure of the proportion of the labor force that is currently employed. The employment rate in the country has been steadily increasing over the past few years.
- A rate of employment, often expressed as a percentage, used to compare the employment levels of different regions or countries. The employment rate in the city is significantly higher than in the surrounding rural areas.
Synonyms
labor force participation rateunemployment ratejobless rateemployment levellabor market participation rate
Antonyms
Did you know? The employment rate is an important indicator of a country's economic health and is often used by policymakers to inform decisions about labor market policies and economic development strategies.