The term "labor force" refers to the group of individuals who are either employed or actively seeking employment within a specific area, such as a country or region. This includes people working full-time, part-time, and those who are unemployed but looking for jobs. The labor force is a key component of the economy, as it represents the available human resources that contribute to production and services. Understanding the labor force is essential for analyzing economic health and trends. Factors such as unemployment rates, job growth, and demographic changes can significantly impact the size and composition of the labor force. Policymakers and businesses often study these elements to make informed decisions regarding employment and economic strategies.