Labour Force

It refers to the total number of individuals who are either employed or actively seeking employment within a specific population or country. It includes both employed individuals and those who are unemployed but actively looking for work. The labor force is an important economic indicator as it provides insights into the overall employment situation and the potential for economic growth. By analyzing the size and composition of the labor force, policymakers, economists, and businesses can make informed decisions regarding labor market policies, workforce planning, and resource allocation.

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