The social and economic development of the country was subjected to serious trials in 2009. The world financial and economic crisis had a negative effect on the main basic indicators of the economy. This had an immediate impact on the social labor sphere. Many social indicators went downhill. In particular, that led to a decline in real wages and…

The labor force is the number of people ages 16 or older who are either working or looking for work. It does not include active-duty military personnel or the institutionalized population, such as prison inmates. Determining the size of the labor force is a way of determining how big the economy can get. The size of the labor force depends on two…

The January employment numbers, released today by the U.S. Department of Labor, present mixed evidence about the state of the labor market. While the unemployment rate dropped to 9 percent, payrolls were just better than flat, increasing by only 36,000 jobs last month. Much attention is given to the official unemployment rate, which is certainly…

In an uncertain economy, reliable information about tomorrow's labor market can be a valuable tool in career planning. Understanding the future workforce helps an individual prepare for his/her place in it. When choosing among careers--or assisting others who are making such choices--it helps to know a few basics: the types and number of jobs…