Oireachtas Joint and Select Committees
Tuesday, 7 October 2014
Joint Oireachtas Committee on Finance, Public Expenditure and Reform
Budget 2015: Department of Finance
4:35 pm
Mr. John McCarthy:
The participation rate is the number of people of working age who participate in the labour force. If my wife stays at home, she is neither employed nor unemployed. Her participation rate is zero. That fluctuates with the economic cycle. It tends to pick up when employment demand or labour demand is strong, and vice versa.
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