Definition of «labour force»

The term "labor force" refers to the total number of people who are either employed or unemployed and available for work. It includes everyone from teenagers working part-time jobs to retirees looking for something to do, as well as those actively seeking employment. The labor force is an important measure of a country's economic health because it indicates the number of people who are contributing to the economy through their work.

Sentences with «labour force»

As older people stay in labour force, the college said, they are not only workers, but also consumers. (canadianbusiness.com)
So if there are policies that would boost potential output — the sum of labour force growth and productivity growth — then we need to pursue them. (bankofcanada.ca)
With the dramatic rise in female labour force participation rates since the 1960s (especially among married women with young children), these policies have become increasingly important. (child-encyclopedia.com)
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Definition of «labour force»

Sentences with «labour force»

See also