Quote:
Originally Posted by Rochard
Exactly. Obviously everyone is included in the total population. (Really everyone over the age of sixteen.)
Retired persons are not included in the labor force because they are not working. But they are included in the total population.
From the link you gave us earlier: http://www.econport.org/content/hand...nt/Define.html
Labor Force Participation Rate = (Labor Force / Total Population over Age 16) * 100
Retired, students, and disabled (etc) are included in the total population. They are not included in the labor force because they are not working. |
HOLY SHIT ROCHARD.. Of course everybody is included in total population. That's what makes it the total population. They aren't included in the LABOR FORCE which is what they divide the total population by... Damn do I really have to teach you something so elementary? Or are you just playing dumb to try and make yourself look smart? Seriously. It's over, they aren't included. You were wrong. As usual. Oh and what else do we find? A fact checking site not telling the whole truth as usual as well.
If you want to talk common sense.. Common sense would tell you those that have already participated or can't participate shouldn't be included in participation rate.