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an increase in service jobs accompanied by a decrease in manufacturing jobs
there will be greater competition for advancement opportunities...
No, retirees are counted by the Bureau of Labor Statistics as "out of the labor force."
false
children under 18
All of the above.
All of the above.
an increase in service jobs accompanied by a decrease in manufacturing jobs
there will be greater competition for advancement opportunities...
force labor
The labor force consists of adults over 16 years of age who are either employed (full-time or part-time) or unemployed. The labor force does not include those people who are not in the labor force (ex: student, stay at home mom)
No, retirees are counted by the Bureau of Labor Statistics as "out of the labor force."
The labor force is equal to a financial asset.
false
False. : While 16 is the traditional earliest age for taxed labor, and 65 a traditional age of retirement, the "labor force" is everyone able to work. This would include children, and the aged and infirm.
The labor force is consider as the number of people working. The labor force includes people who are working and those unemployed.
To calculate the labor force participation rate, you need to divide the labor force by the total working-age population and multiply the result by 100. The labor force includes both employed and unemployed individuals actively seeking work. It does not include those who are not actively seeking work, such as students, retirees, or people who have given up looking for a job.