Final answer:
The labor force participation rate is the percentage of the working-age population who are in the labor force. It includes both employed individuals and those who are unemployed and actively looking for work.
Step-by-step explanation:
The labor force participation rate is the percentage of the working-age population who are in the labor force. It includes both employed individuals and those who are unemployed and actively looking for work. The rate is calculated by dividing the number of people in the labor force by the total working-age population and multiplying by 100 to get the percentage.