What is another word for labor force?
[ lˈe͡ɪbə fˈɔːs], [ lˈeɪbə fˈɔːs], [ l_ˈeɪ_b_ə f_ˈɔː_s]
Related words: labor force participation rate, labor force increase, labor force growth, labor force participation, labor force definition, labor force participation rate by age, define labor force
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How to use "Labor force" in context?
The labor force is the total number of people who are employed or looking for work. In the United States, the labor force is about 146 million. The size of the labor force has been on a steady decline for the past several decades. The labor force participation rate, which is the percentage of the population that is in the labor force, was 66.6 percent in December 2017. The lowest labor force participation rate was in December 1981 and the highest was in December 2007.
One of the reasons the size of the labor force has been on a steady decline is that the population has been aging.
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