Labor Force Participation Rate Formula |
| \( LFRP \;=\; \dfrac{ LF }{ CP }\) |
| Symbol |
| \( LFRP \) = labor force participation rate |
| \( LF \) = labor force |
| \( CP \) = total civilian noninstitutional population |
Labor force participation rate, abbreviated as LFRP, is the porporation of the total working age population that is available to work as part of the labor market.
