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 model of labor force exits includes all of the variables in the occupational transfers model, as well as the interaction of age and sex (denoted as "age*sex" in the equation above).
Despite an increase in the labor force population, the unemployment rate also slightly eased to 5.2 percent in January from 5.3 percent last year.
More data on labor force projections by age, gender, race, and ethnicity are available from the BLS Employment Projections program.
During FY2015 it absorbed 14.6 percent of total labor force. The employment level in transport/storage and communication and community/social and personal service sectors employ 13.2 percent and 5.4 percent workforce, respectively in FY2014-15.
Data collected by the Bureau of Labor Statistics (BLS) of the United States Department of Labor (2015) for individuals 25 years of age and older show labor force participation rates rose by almost 10% between 1948 and the early 2000s, declining by more than 2.5% after 2008.
Lewis in the dual economic theory pointed out that the existence of a large number of rural surplus labors is the basic characteristics of the traditional agricultural sector in developing countries; industrialization is the essence through the developed city industrial sector relatively high wages, the surplus labor force behind the agricultural sector to attract City Industrial employment (Jabbour, 2014).
Of the total number of women not participating in the labor force, 1.3 percent have "lost hope" of finding employment, while 57.3 percent cite being busy with housework.
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.
Caption: Civilian Labor Force Participation (as Share of Population Age 16+)
At its broadest level, the debate about the labor force participation rate is a debate about the nature of the U.S.
The Central Department of Statistics and Information (CDSI) reported in its bulletin on the survey, of which the Saudi Press Agency "SPA" received a copy, that the total number of the employed, according to the survey results, was (10,729,123), representing 94,4 % of the total labor force, of which males representing 87,0 % as the number of the unemployed amounted to (632,647), of which males representing 42,3 % and the overall unemployment rate was 5.6 %.
The problem of a smaller or slower growing labor force is an important and vexing one for New Hampshire and the entire U.S.