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What is the term for the total number of people in a country who are 15 years or older and are either working or actively looking for work?
Workforce
Population
Dependency Ratio
Employment Rate
Workforce
The workforce, also known as the labour force, comprises all individuals aged 15 and above who are currently employed or actively seeking employment. It excludes those who are not looking for work, such as students, homemakers, and retirees.
The workforce, also known as the labour force, comprises all individuals aged 15 and above who are currently employed or actively seeking employment. It excludes those who are not looking for work, such as students, homemakers, and retirees.
The Periodic Labour Force Survey (PLFS) is conducted by the National Sample Survey Office (NSSO) under the Ministry of Statistics and Programme Implementation (MoSPI) to estimate these indicators in India.
The Working Age Population is typically defined as individuals between 15 and 59 years of age.
Labour Force Participation Rate (LFPR) is the percentage of the working-age population that is part of the workforce.
Unemployment is calculated by subtracting the number of employed persons from the total workforce.
Population refers to the total count of individuals living in a geographical area, regardless of age or employment status.
The Dependency Ratio measures the ratio of those typically not in the labour force (0-14 and 65+ age groups) to the working-age population.
Employment Rate measures the proportion of the working-age population that is actually employed, which is distinct from the total workforce size.
In India, the informal sector accounts for a significant portion of the total workforce, making accurate estimation a challenge for government agencies.
A is correct тАФ The workforce is the sum of the employed and unemployed persons actively seeking work within the designated age bracket.
When studying Unemployment, always distinguish between 'Labour Force' (people willing and able to work) and 'Workforce' (often used interchangeably but sometimes differentiated based on specific survey methodologies like PLFS).
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