Labor Force

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Labor Force

The portion of a population available for work. For example, if there are 10,000 people in a town including 2,000 children and 3,000 retirees and chronically ill persons, the labor force is the remaining 5,000. The labor force may or may not include unemployed persons who do not wish to work. The unemployment rate is determined by calculating the unemployed persons in the labor force, not the general population.
References in periodicals archive ?
The labor force participation rate method uses all of the sample to estimate [A.
After remaining in a range of about 58-60 percent during the 1950s and 1960s, the total labor force participation rate increased rapidly during the 1970s and 1980s.
Neda noted that labor force participation rate among women rose to 47.
In the age group of 20-24 the labor force participation rate has also declined from 53.
The labor force participation rate of prime age men peaked in February 1948 at almost 90%, declining thereafter to 72% in 2014.
If educational attainment rates are held constant at 2008 levels, the expected labor force participation rate would be 0.
The main reason behind this increase is aged persons over 65 years old, whose labor force participation rate has increased by nearly 2 points.
Oregon's labor force participation rate - which represents the share of the population that is employed or unemployed - has increased since May 2015 as the job market has improved because of strong economic growth, according to the department.
The researchers also compare older individuals to slightly younger workers with similar health, measured using self-reported health conditions, disabilities, and medical care usage They estimate that if older men had the same labor force participation rates as younger men who exhibited the same health status, then the labor force participation rate among 60- to 64-year olds would be 17 percentage points greater than it was, and that the analogous rate for those 65 to 69 would be 31 percentage points higher.
An important, if not essential, part of the wage growth puzzle is the labor force participation rate.
Men and women labor force participation rate aged 15 years and above during 2001- 2014
For men, the average retirement age in 2013, which the report defined as the age at which the labor force participation rate drops below 50, was around 64.