11-19-2016, 11:23 PM
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Fake Nick 1.0
Industry Role:
Join Date: Oct 2005
Location: Rent free, your head
Posts: 27,653
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Quote:
Originally Posted by Rochard
I disagree with you.
Your link says the following:
While studying employment, another important figure to determine is the labor force participation rate. Here, we compare the size of the labor force with the number of people that could potentially be a part of the labor force. It is important to note that we do not include people under the age of 16 in this figure. In addition, students, retirees, the disabled, homemakers, and the voluntarily idle are not counted in the labor force.
This means students, retirees, the disabled, homemakers, and the voluntarily idle are not counted in the labor force - but are included in the general population.
Your link then says:
The labor force as the percentage of the total population over the minimum working age is called labor force participation rate.
It does not say "total population over the age of 16 minus students, retirees, etc.
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You're grasping at straws. We are talking labor force of which they aren't included. Obviously everybody is included in total population.
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