Lewisporte Unemployment


The Unemployment Rate in Lewisporte is 19.7%. This accounts for non-institutional persons 15 years or older who are seeking employment. The Participation rate in Lewisporte is 39.5%. The participation rate is a measure of the active portion of an economy's labor force. The participation rate refers to the number of people who are either employed or are actively looking for work. The number of people who are no longer actively searching for work would not be included in the participation rate. During an economic recession, many workers often get discouraged and stop looking for employment, as a result, the participation rate decreases. The Employment rate in Lewisporte is 49%. The employment rate represents the number of employed persons expressed as a percentage of the population aged 15 years and over.

StatisticPercentage
Participation rate45.29 %
Employment rate36.51 %
Unemployment rate18.21 %
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