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Matthew Nuncio
Matthew Nuncio
(512) 350-0071nuncio@teamprice.com
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    7320 N Mo-Pac
    Austin, TX 78731
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Central Texas Multiple Listing Service

Central Texas MLS | Four Rivers Association of REALTORS® All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of the Multiple Listing Service. Real estate listings held by brokerage firms other than Matthew Nuncio may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. Copyright ©2022 All rights reserved.

Austin Board of Realtors

The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Based on information from the Austin Board of REALTORS®. Neither the Board nor ACTRIS guarantees or is in any way responsible for its accuracy. All data is provided "AS IS" and with all faults. Data maintained by the Board or ACTRIS may not reflect all real estate activity in the market.

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Labor Force Participation Rate

The Labor Force Participation Rate (LFPR) is a measure used to represent the proportion of the working-age population that is either employed or actively seeking employment. It is an important indicator of labor market conditions and provides insights into the overall economic health of a country or region. The LFPR is usually expressed as a percentage.

To calculate the Labor Force Participation Rate, you need two pieces of information:

The labor force: This includes all individuals who are currently employed (either full-time or part-time) and those who are unemployed but actively looking for work. The labor force does not include individuals who are not seeking employment, such as retirees, full-time students, homemakers, or those who have given up looking for work (discouraged workers).

The working-age population: This is the total number of individuals within a certain age range who are considered to be of working age, typically 15-64 years old, although this range may vary slightly depending on the country or region.

The Labor Force Participation Rate can be calculated using the following formula:

LFPR = (Labor Force / Working-Age Population) × 100

The LFPR provides valuable insights into the labor market, such as the level of engagement in the workforce and the availability of human resources. A high LFPR indicates that a large portion of the working-age population is participating in the labor market, while a low LFPR may suggest that a significant number of people have left the labor force for various reasons, such as retirement, education, or discouragement due to a lack of job opportunities.