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Respuesta :

Prior to the COVID-19 epidemic, the U.S. labor force participation rate remained stable in 2013 at 63%. As of May 2022, it was 62.3%.

What is Labor Force Participation Rate?

  • The percentage of persons who are working or actively looking for employment across the whole population is known as the labor force participation rate.
  • It can provide some perspective on the status of the economy when paired with the unemployment rate data.
  • Prior to the COVID-19 epidemic, the U.S. labor force participation rate remained stable in 2013 at 63%. As of May 2022, it was 62.3%.
  • Changing social, demographic, and economic developments influence the rate throughout time.
  • Since 1990, there has been a consistent fall in labor force participation worldwide.

To know more about Labor Force Participation Rate, refer to:

https://brainly.com/question/24939447

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