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 ?
North Sinai governor Abdel Fattah Harhour said participation rates in the elections have exceeded expectations.
The Fed data shows the June 2009 participation rate for workers ages 20 to 24 at 73.
However, the labor participation rate of the next age group, those who are 55 years and older, was just 32.
If much of the decline in the participation rate can be reversed (or a further decline prevented) by a sufficiently tight labor market, arguably policymakers should take the low level of the participation rate into account in designing countercyclical policy actions.
From 1948 to 1966, the labor force participation rate was relatively low and relatively stable, averaging 59.
The NIER considers the change in the employment rate to have a larger cyclical component than the change in the participation rate.
Another age demographic with a declining participation rate has been those at the younger end of the scale: 16- to 24-year-olds.
I think that is part of the issue, but it doesn't seem to fit the fact that participation rates dropped during the recession and haven't recovered--I don't think the "skills gap" could have so abruptly hit the labor market; rather it has been a growing phenomenon.
How does the yearly average labor force participation rate from research question 1 change over the four-year time period from 2009 to 2012?
Given this path of the unemployment rate and the modeled labor force participation rate, we can calculate an expected number of monthly employment gains that is consistent with a relatively strong labor market recovery.
The following section formally decomposes the change in the aggregate labour force participation rate between 2000 and 2010 using a simple decomposition approach.
The higher education participation rate is consistently higher in Scotland compared to England.