Arbeidsstyrke

“Arbeidsstyrke” is a term used primarily in Norwegian and translates to “labor force” in English. It refers to the total number of people who are available for work, including both those who are currently employed and those who are actively seeking employment. The labor force is a critical component of the economy, as it encompasses all individuals of working age who contribute to the production of goods and services.

In economic terms, the labor force is used to measure the active population that can influence labor market dynamics, unemployment rates, and overall economic health. The term does not include individuals who are not looking for work, such as students, retirees, or those who have chosen not to engage in the labor market for various reasons. Understanding the size and characteristics of the labor force is essential for policymakers and economists when assessing employment levels, workforce development, and economic planning.