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Occupational Outlook Quarterly, 2012
The labor force is the number of people ages 16 or older who are either working or looking for work. It does not include active-duty military personnel or the institutionalized population, such as prison inmates. Determining the size of the labor force is a way of determining how big the economy can get. The size of the labor force depends on two…
Descriptors: Population Growth, Labor Force, Labor Economics, Labor Supply