en     ru     jp
 
 
private banking
private banking
private banking
private banking
private banking
private banking
private banking
     
 
Home
      
Knowledge Base
      
Financial Glossary
      
Labor Force
       
 
Back

Labor Force

 Search definitions     
  Search  

Labor Force
The number of people employed plus the number of unemployed .
    
In Economics the people in the labor force are the suppliers of labor. In 2005, the worldwide labor force was over 3 billion people.
    
Normally, the labor force of a country (or other geographic entity) consists of everyone of working age (typically above a certain age (around 14 to 16) and below retirement age who are participating workers, that is people actively employed or looking for work. Child labor laws in the United States forbid employing people under 18 in hazardous jobs.
    
The fraction of the labor force that is seeking work but cannot find it determines the unemployment rate.
Posted by  Information Management Network LLC.
 
  Back  
  Print  
  Email  

 

private banking
private banking
private banking
private banking
private banking
private banking
Get Adobe Flash Player to view the media
FlashPlayer required to view the media

 
Home News Library Newsletters Event Calendar Advertise About Contact FAQ
Privacy Policy     Terms of Service
 

©