the.com/labor force
Everyone working or looking for work — if you gave up looking, you vanished from the math.
means The total count of people who are either employed or actively seeking employment, used to calculate things like the unemployment rate.
from A straightforward compound of 'labor' (from the Latin 'labor,' meaning toil or hardship) and 'force' (from Latin 'fortis,' strong — in the sense of a body of people mustered for a task, like a 'police force' or 'workforce'). The economic sense of 'labor force' as a measurable statistical category is a modern development, tied to 20th-century efforts by governments and economists to quantify employment and unemployment systematically.
- magic trick
- discouraged workers just disappear from unemployment rate
- participation rate
- share of adults working or seeking work
- peak size
- US labor force tops 165 million people
- low number trap
- low unemployment can hide mass dropout