From the Document: "The Coronavirus Disease 2019 (COVID-19) pandemic led to the current recession that began in February 2020 and has resulted in large job losses, from which the economy has only partially recovered. This Insight discusses recent and longer-term trends in three key labor market indicators, and the potential implications for youth in the current economy. It examines the  labor force participation rate (LFPR)--the percentage of individuals in the population who are employed and who are unemployed (i.e., the share of the population 'in the labor force');  employment-to-population ratio--the proportion of individuals 'in the population' who are employed; and  unemployment rate--the percentage of individuals 'in the labor force' who are unemployed."
CRS Insight, IN11491
Congressional Research Service: https://crsreports.congress.gov/