Economics Part B

Civilian labor force

Civilian labor force - What is it?

The total number of adults (aged 15-65) in the population who are interested and able to work. The labor force consists of two elements: people who are in work (called: employed) and people who are seeking work (called: unemployed).

The labor force does not include people who are incapable or who are not interested in working (such as students, housewives, soldiers, torah academy students, pensioners etc.).

Civilian labor force 560Civilian labor force