labor force (Meaning)

Wordnet

labor force (n)

the source of trained people from which workers can be hired

The labor force encompasses all those individuals who are employed or actively seeking employment.
As of 2023, the global labor force has reached approximately 3.5 billion people.
The labor force participation rate indicates the percentage of the working-age population that is actively engaged in the labor market.
Countries with higher labor force participation rates tend to have stronger economic growth and productivity.
The composition of the labor force is constantly evolving due to factors like technological advancements, globalization, and demographic shifts.
Ensuring a skilled and educated labor force is crucial for sustaining economic competitiveness in the global economy.
Policies that support work-life balance and equal opportunities for women and minorities can help increase the size and diversity of the labor force.
Understanding labor market trends and forecasting labor force needs is essential for effective workforce planning and development.
Governments and industries often collaborate on initiatives to train and upskill the labor force to meet emerging job demands.
The labor force is a dynamic and complex system that plays a vital role in driving economic growth, social progress, and overall societal well-being.

the source of trained people from which workers can be hired

manpower, pool, personnel, staff,workforce, force, team, help,crew, worker

No antonyms found.

The labor force encompasses all those individuals who are employed or actively seeking employment.

As of 2023, the global labor force has reached approximately 3.5 billion people.

The labor force participation rate indicates the percentage of the working-age population that is actively engaged in the labor market.

Countries with higher labor force participation rates tend to have stronger economic growth and productivity.