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Understanding Labor Market Trends in the U.S. Economy

The labor force encompasses all nonmilitary individuals who are either employed or unemployed. In the United States, employment is defined for those aged 16 and older who have worked at least one hour for pay within the past week. Monitoring labor market trends is crucial for understanding the overall economic landscape and assessing the employment dynamics that shape workforce participation, job availability, and economic growth. This analysis provides insights into the labor force's structure and the factors influencing employment rates.

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Understanding Labor Market Trends in the U.S. Economy

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