What term describes the level to which a person is likely to be employed and successful in their career?

Employability refers to the set of skills, knowledge, and personal attributes that make an individual attractive to employers and capable of securing and maintaining employment. This term encompasses various factors, including educational qualifications, work experience, interpersonal skills, and a person's ability to adapt to the changing demands of the labor market.

When someone is considered employable, it means they possess not only the specific skills needed for particular jobs but also the flexibility and readiness to learn and grow in their careers. Employability is a crucial concept in personal finance and career development because it influences an individual's capacity to find work, earn an income, and progress in their chosen field.

In contrast, career readiness focuses more on the preparation one has for entering the workforce, which is a component of employability but not synonymous with it. Job security relates to the likelihood of keeping a job rather than the reasons behind why someone would be employed in the first place. Workforce participation refers to the number of individuals who are actively engaged in the labor market, which is an important economic indicator but does not specifically address an individual's potential for success or employment.