Labor Market Participation

The labor force and private and public organizations participate in a labor market, offering their work­force and buying labor, respectively. The labor force comprises individuals active within the labor market, either working or actively seeking work. In the supply side of the labor market in OECD (Organisation for Economic Co-operation and Development) countries are included individuals of age 16 and over who are employed or job seekers, excluding full-time students and those in the military. The International Labor Organization defines the labor force as follows:

The Civilian Labor Force, or currently active population, comprises all persons who fulfill the requirements for inclusion among the civilian employed or the unemployed. Total Labor Force is equal to Civilian Labor Force plus the members of the armed forces.

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