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 ?
6 percent non agricultural labor force is earning its livelihood through this sector.
1 percent in the latest labor force survey, The SWS survey interviewed 1,500 adult Filipinos, and has a margin of error of +/- three percent.
Workers ages 75 and older are expected to have the fastest rate of growth in the labor force, followed by workers in the 65- to 74-year-old group.
While men were exiting the labor force during the latter half of the twentieth century, labor force participation rates for prime age women were rising, from around 29% in 1948, to around 60% from the mid-1990s to 2008.
Before turning to labor force exits, we begin by looking briefly at trends in labor force entrances, which are also important in determining labor force participation.
effect on the transfer of rural labor force, and the transfer of rural labor force is an
Of the total number of women not participating in the labor force, 1.
Even if there is a bias in the figures of employment and labor force introduced in February 2014, the very high growth-employment elasticity (the increase in employment being higher than GDP growth) was valid before last February.
In tandem with this rosy development, however, there has been a substantial decline in labor force participation.
The survey results also showed that the labor force in the Kingdom amounted to (5,339,66 million) of which males comprising (4,251,024) , representing 79,6 %, while the total number of Saudis employed reached (4,717,127), representing 88,3 % of the labor force, of which (3,989,632) were males representing 84.
A smaller or slower growing labor force implies slower economic growth because the output of the economy grows when more people are producing, when more capital (equipment and machinery) allows the same number of people to produce more, or when knowledge/technology/skill levels improve and allow greater productivity per worker.
The labor force is the number of people ages 16 or older who are either working or looking for work.