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 ?
Similarly, other researchers have suggested that the labor force participation rate might have more of a cyclical component than our model projection implies.
We can get a sense of how unexpected the recent path of the labor force participation rate was by comparing it to recent projections by the Bureau of Labor Statistics (BLS) and the Congressional Budget Office (CBO).
44 Source: Author's calculations using labor force data and labor force participation rates from the BLS
02 indicates that the labor force participation rate for that month is 2 percent above the labor force participation rate at the peak month of the corresponding business cycle.
The dependent variable in these regressions is the log-odds ratio of the labor force participation rate.
As a result of the increased number of persons who are 55 to 64, a higher proportion of the working-ages population will be at risk for the onset of the chronic diseases of the aged, which may reduce the overall labor force participation rate.
The strength in labor demand drew additional people into the job market, raising the labor force participation rate to historical highs during the first half Nevertheless, the civilian unemployment rate moved down to 4.
The labor force participation rate of women with children under the age of six was only 41.
The total labor force participation rate stagnated at 50.
The labor force participation rate of women, which peaked in 1999, has been on a declining trend.
Months of lousy job gains didn't seem to have driven job-seekers to the sidelines as the labor force participation rate held steady at 63.
Using the updated figures, the number of unemployed individuals fell by 226,000 in December and the number of employed individuals rose by 176,000, The labor force participation rate and the employment-to-population ratio remained unchanged, hovering near decadal lows.