Labor Force

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Labor Force

 

the total number of people who are physically capable of adequately participating in social labor. Owing to different socioeconomic conditions, the age limits defining the labor force in a country are in practice bound up with certain traditions and legal norms, that is, qualifications pertaining to, for example, age or education.

The percentage of the total population in the labor force depends on the population’s age structure. While in developing countries less than 50 percent of the population is in the labor force, the figure in developed capitalist countries reaches 65 percent. In worldwide statistics, it is accepted practice to take the years 15 and 64 as the lower and upper age limits. As of 1970, the labor force defined by these limits constituted 58.2 percent of the world population.

The concept of the labor force is close to that of labor resources, but the latter term takes into consideration not only age but also such factors as skills, qualifications, and the number of people in various occupations.

V. V. POKSHISHEVSKII

References in periodicals archive ?
If, on the other hand, the regression results are similar, then the result suggests that behavioral variations in the aggregate labor force participation rate respond to demographic movements.
Figure 5 plots the predicted labor force participation rate in 2000 and in 2005 for women along with simulated 2005 labor force participation that would result from changing one coefficient at a time.
Employment growth comes from a combination of population growth and increased labor force participation rates. As these projections indicate, future population growth may not slow significantly, if at all.
Labor force participation rate of 15 to 19 age groups has declined from 35.8 percent in 2012-13 to 33.5 percent in 2014-15.
The labor force participation rate for men in the sample peaked at 88.2% in 1997, falling thereafter by 4.4% to 83.8% in 2014.
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.
Turkey's female labor force participation rate in 1990 was 34%, in 2014 29% ( World Bank ).
A factor decomposition of the labor force points to the increasingly structural nature of the decline in the labor force participation rate as baby-boomers retire.
By 2010, the age at which the male mortality rate was 0.8 percent had risen to 55, but 55-year-olds' labor force participation rate was just 72 percent If men in 2010 had exhibited the same labor force participation rates as their 1977 predecessors who faced the same mortality rates, Le., if 55-year-old men in 2010 had participated as much as 49-year-old men in 1977 and so on for men of other ages, then on average men would have worked an additional 4.2 years between the ages of 55 and 69.
(http://time-series.findthedata.com/l/111540/Labor-Force-Participation-Rate-of-Women) Labor Force Participation Rate of Women | FindTheData
"The labor force participation rate (LFPR) is 62.4 percent, its lowest level since October 1977.