What is the difference between Labour Force Participation Rate (LFPR) and Worker Population Ratio (WPR)?
1
While LFPR is defined as the percentage of persons in the labour force among the persons in the population, WPR is the percentage of persons employed among the persons in the population.
2
While LFPR is defined as the percentage of persons employed among the persons in the population, WPR is the percentage of persons in the labour force among the persons in the population.
3
While LFPR is defined as the percentage of persons unemployed in the population, WPR is the ratio of unemployed persons to the number of persons in the labour force.
4
While LFPR is defined as the ratio of unemployed persons to the number of persons in the labour force, WPR is the percentage of persons unemployed in the population.