The term "Labor Force" refers to the group of people who are either working or actively seeking work. This includes individuals who are employed in various jobs, such as teachers, nurses, and engineers, as well as those who are unemployed but looking for employment. The labor force is a crucial part of the economy, as it represents the available talent and skills that drive productivity and growth. Understanding the labor force helps policymakers and businesses make informed decisions. For example, knowing the size and composition of the labor force can influence government policies on education and training programs. It also helps companies determine where to invest and how to attract the right talent for their needs.