Labor force, total

The labor force encompasses individuals aged 15 and above who are actively engaged in or seeking employment within a defined timeframe. This group includes both those who are currently employed and those who are unemployed yet actively looking for work, as well as first-time job seekers. However, it excludes specific segments such as unpaid family workers, certain students, and often military personnel, which can lead to variations in measurement across different countries. The size of the labor force fluctuates throughout the year, largely influenced by seasonal employment trends and economic cycles. Analyzing these dynamics provides valuable insights into labor market health, workforce participation rates, and the overall economic landscape, allowing for better-informed policy decisions and business strategies. Source: