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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]
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 ...
Under federal law, the Immigration and Nationality Act of 1965, [41] the number of first-generation immigrants living in the United States has increased, [42] from 9.6 million in 1970 to about 38 million in 2007. [43] Around a million people legally immigrated to the United States per year in the 1990s, up from 250,000 per year in the 1950s. [44]
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 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]
This is a list of United States–based companies having the most employees globally. For some companies listed, the majority of total employees live and work in other countries. Employees are mixed and composed of various Economic sectors such as the Business sector, Private sector, Public sector, and the Voluntary sector.
The labour force participation rates of developed nations as of 2021. In macroeconomics, the workforce or labour force is the sum of those either working (i.e., the employed) or looking for work (i.e., the unemployed):
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.