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The labor force is the actual number of people available for work and is the sum of the employed and the unemployed. The U.S. labor force reached a record high of 168.7 million civilians in September 2024. [1] In February 2020, at the start of the COVID-19 pandemic in the United States, there were 164.6 million civilians in the labor force. [2]
Rank Country/Region Labour force Date of information — World 3,382,000,000: 2017 est. 1 China 781,808,000: 2022 est. 2 India 554,145,000: 2022 est. 3 United States ...
The survey also reports the labor force participation rate, which is the labor force as a percentage of the population, and the ratio of the employed to the total population of the United States. Although the primary purpose of the CPS is to record employment information, the survey fulfills a secondary role in providing demographic information ...
Both ratios have the same denominator, the civilian population. The numerator of the upper line is the labor force (i.e., both employed and unemployed), while the numerator of the lower line is the employed only. U.S. proportion of the civilian labor force aged 16 years and older that was not in the labor force by reason, 2004 and 2014
The U.S. population grew only 0.1% from the previous year before. [90] The United States' population has grown by less than one million people for the first time since 1937, with the lowest numeric growth since at least 1900, when the Census Bureau began yearly population estimates. [90]
Employed civilians by occupation and gender in the United States as of 2007 Gender is frequently associated with informal labour. Women are employed more often informally than they are formally, and informal labour is an overall larger source of employment for females than it is for males. [ 5 ]
The United States has a highly developed mixed economy. [44] [45] [46] It is the world's largest economy by nominal GDP and second largest by purchasing power parity (PPP). [47]As of 2024, it has the world's sixth highest nominal GDP per capita and eighth highest GDP per capita by PPP). [10]
U.S. unemployment rate and employment to population ratio (EM ratio) Wage share and employment rate in the U.S. Employment-to-population ratio, also called the employment rate, [1] is a statistical ratio that measures the proportion of a country's working age population (statistics are often given for ages 15 to 64 [2] [3]) that is employed.