Glossary of Terms

Illustrative Participation Rate Calculation

Total Population 15 years and over
= 24,284,900

Population 15 years and over
= Labour force + those not in the labour force

Total Labour Force
= Total # of employed + Total # of unemployed
= 14,909,700 + 1,089,600
= 15,999,300

Participation Rate
= Total Labour Force/Total Population 15 years and over
= 15,999,300/24,284,900
= 65.9%

 

Economic and Project Analysis Division, Department of Finance – (709) 729-3255 – infoera@gov.nl.ca