9.2.2 Participation Rate Participation Rate the proportion of the specific population that is in the labor force expected rates of pay, taxation rates, social welfare payments income of other household members Unemployment Rate the ratio of the number of unemployed to the labor force cyclical unemployment, hidden unemployment, structural unemployment, seasonal unemployment, natural rate of unemployment9.2.2 Participation Rate • Participation Rate – the proportion of the specific population that is in the labor force. – expected rates of pay, taxation rates, social welfare payments, income of other household members… • Unemployment Rate – the ratio of the number of unemployed to the labor force. – cyclical unemployment, hidden unemployment, structural unemployment, seasonal unemployment, natural rate of unemployment