Labor Force

(redirected from Labour force)
Also found in: Dictionary, Thesaurus, Financial, Wikipedia.

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 ?
Reporter: The advantage of local labour force is one of the key considerations for Chinese enterprises seeking to relocate to Pakistan, but some of them have also expressed concern about the quality of Pakistani labour force, such as unpunctuality, less hardworking and so on.
The Labour Force survey is now fully automated, using the Computed Assisted Personal Interviewing (CAPI) tablets.
"The unemployment rate among males recorded 6.4% of the total males in the labour force, while it was 6.8% in Q3 of 2018 compared to 7.8% in the same quarter of the previous year," the report read.
The need is to upgrade the labour force by providing them good health, education and development skills so that they could participate in the development of the country.
This Unemployed Person (ILO2013) is divided by the Labour Force to calculate the Labour Underutilization Indicator 1 (LU1).
The companies are especially addressing the labour shortage with an increase of effectiveness (68 percent) and search for a labour force abroad (50 percent).
It says the labour force in Punjab in the eight years between 2007 and 2015 grew at an average rate of around 2.8pc while the employment rate was slightly slower at around 2.3pc.
On the other hand, labour force participation witnessed an increase of 72 million in absolute terms.
When labour force participation rate by education status was investigated, it was seen that the higher education status of women, more women participate in labor force.
The labour force participation rate has slightly decreased from 32.9 percent in 2012-13 to 32.3 per cent in 2014-15.
Definition of Labour Force Participation Rate (LFPR)
Fifty-seven percent of this almost 12 million total potential additional labour force in the EU in 2014 were also women.