The world is full of people that come and go. Some are lucky to be employed while some are on to searching for work. This is best identified through the Participation Rate.
The Participation Rate describes the percentage of the people who are of over 15 years of age who are currently and are willing to work, looking for work and who are now working. These rates does not include people who have no plans to work or who are prevented or avoided from work due to some circumstances like disability and immigration status. Participation rate typically fluctuates over a period of time and can be a good source of information about the overall employment style including the wide social trends. For instance, the women’s rate has been booming in its heights ever since the 1940s which means that of all through out numerous women are more than willing to be in the working area.
The very basic measure in a participation rate is solely the people are of to the working age. Generally, the age group of the participation rate includes people between 16 to 24. However, in order to understand the participation rate, it is best to have it break down through specific demographics. Race, age and gender are all the factors needed to examine the participation rate from the different groups that will provide useful information for those people who are more than willing to learn all information about the social new trends.
One occurring problem that usually happens during these periods of a very long recession is that participation rate goes down and drops together with employment. Initially, these people who are unemployed would still continue to look for a job. All through out the time, these people can be a part of the group referred to as the discouraged workers. These people who are no longer looking for work might loose hope thinking that there is no work available. The decline of economic activity can also lead to the people’s adjustment to their lifestyle. For instance, If one of the person in a couple state might lose a job and that person can decide if he /she will just stay at home and give childcare to their kids rather than staying in the workforce.
To gather information in the participation rate, the knowledgeable statisticians need to get an accurate employment population data and responses to the many surveys which entails about employment and the attitude of the people towards employment. Different government agencies usually use surveys to collect and update the significant information for participation rate in order to keep it as updated as possible for meaningful statistics. For those organizations which are interested to the degree of the participation rate can have their surveys most especially if they would like to be on hands with the collection of data and take control of the process in the specific population.
It is of but important that surveys and evaluations are usually done to view the current employment trends. This may provide a good view to what the government could possibly do to solve the occurring problems.