The Bureau of Labor Statistics projects that the next 10 years will bring about an aging labor force
that is growing slowly, a declining overall labor force
participation rate, and more diversity in the racial and ethnic composition of the labor force
," says Blair.
What is more astonishing is that the growth in the labor force
increased even more rapidly than employment: The annual increase in the labor force
GRAPHIC OMITTED] Caption: Civilian Labor Force
Participation (as Share of Population Age 16+)
participation in the United States has been a controversial subject in current macroeconomic discussions.
The Central Department of Statistics and Information (CDSI) reported in its bulletin on the survey, of which the Saudi Press Agency "SPA" received a copy, that the total number of the employed, according to the survey results, was (10,729,123), representing 94,4 % of the total labor force
, of which males representing 87,0 % as the number of the unemployed amounted to (632,647), of which males representing 42,3 % and the overall unemployment rate was 5.
A smaller or slower growing labor force
implies slower economic growth because the output of the economy grows when more people are producing, when more capital (equipment and machinery) allows the same number of people to produce more, or when knowledge/technology/skill levels improve and allow greater productivity per worker.
One innovation within this analysis is including the labor force
decisions of mothers of the girls' peers as a variable.
The size of the labor force
depends on two factors.
Monthly data in the Current Population Survey includes employment data pertaining to labor force
participation rates, rates of people not in the labor force
, employment rates, and unemployment rates.
According to those figures, Macedonia has the most competitive labor force
in the whole Balkans as all neighbors have higher minimum wages.
8 percent of the Saudi labor force
, the study said.
According to the government, another 350,000 Americans left the labor force
during November, and when you keep pretending that huge chunks of workers 'disappear' each month it is easy to get the 'unemployment rate' to go down," wrote economy blogger Michael Snyder, who acknowledges that the number of Americans "not in the labor force
" has grown by almost 8.