Bitcoin Exchange CEX.IO

Economics Part B

Table of Contents

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.).