Employment Rate Calculator

Calculate Employment Rate



Formula

The formula to calculate the employment rate is:

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

Where:

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:

Using the formula:

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

The Employment Rate (ER) is 75%.