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While the Davis-Moore thesis suggests "to each according to the importance of one's work," Karl Marx supported the idea
Labor-Force Participation Rate
The Labor-Force Participation Rate is the percentage of the working-age population that is part of the labor force, either employed or actively looking for work.
Unemployment Rate
The portion of the labor market without jobs but actively making efforts to secure employment.
Labor-Force Participation Rate
The percentage of the adult population that is part of the labor force, either employed or actively seeking employment.
Unemployment Rate
The rate at which individuals in the labor force are without jobs but earnestly seeking employment.
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