Calculate labor market statistics and employment metrics
Unemployment Rate: Percentage of labor force that is unemployed. Formula: (Unemployed / Labor Force) × 100
Labor Force: Sum of employed and unemployed people actively seeking work.
Labor Force Participation Rate: Percentage of working-age population in the labor force.
Employment-to-Population Ratio: Percentage of working-age population that is employed.
Natural Rate: Unemployment rate when economy is at full employment (typically 4-6%).