<p>The labor force participation rate is the percentage of working-age persons in an economy who:</p><ul><li>Are employed</li><li>Are unemployed but looking for a job</li></ul><p>Typically &#34;working-age persons&#34; is defined as people between the ages of 16-64. People in those age groups who are not counted as participating in the labor force are typically students, homemakers, non-civilians, institutionalized people, and persons under the age of 64 who are retired. In the United States the labor force participation rate is usually around 67-68%, but this figure is thought to have declined modestly in recent years.</p><h3>More Information on Labor Force Participation Rate</h3><p><a href="https://web.archive.org/web/20170508022319/https://www.thoughtco.com/employment-4133518" data-type="internalLink" data-component="link" data-source="inlineLink" data-ordinal="1">Unemployment Rate &amp; Employment Situation</a></p><p> </p>