ECONOMICS (CBSE/UGC NET)

Detailed explanation-1: -Higher levels of population and economic production induce higher labor force size. Personal income levels and educational attainment are shown to positively influence on labor force size, while cost of living within a state is shown to have no impact.

Detailed explanation-2: -U.S. civilian labor force seasonally adjusted 2021-2023 In January 2023, the civilian labor force amounted to 165.83 million people in the United States.

Detailed explanation-3: -What Is Labor Mobility? Labor mobility refers to the ease with which laborers are able to move around within an economy and between different economies. It is an important factor in the study of economics because it looks at how labor, one of the major factors of production, affects growth and production.

Detailed explanation-4: -Mobility of labour means the ability and the capacity of labour to move from one place to another or from one occupation to another or from one job to another or from ne industry to another. ADVERTISEMENTS: It refers to alternative employment.