What Is Labour Force – I want to know what the labor force is and who it includes.
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Answered: July 13, 2023
The labor force consists of people who are employed and those who are unemployed but actively seeking work. It does not include individuals who are not looking for work, such as stay-at-home moms, retirees, and students.
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Answered: July 13, 2023
To calculate the labor force, we add up the number of employed individuals and those who are unemployed and looking for work. This measure helps gauge the number of people currently engaged in or actively seeking jobs.
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