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Wonthaggi Wholesaling is attempting to persuade a group of independent retailers to agree to concentrate their purchases through it in order to obtain bulk- buying advantages that would make them more competitive with corporate chains. It is trying to form a:
Adults Unemployed
Refers to individuals of working age who are without a job, available to work, and actively seeking employment.
Adults Not in the Labor Force
Individuals aged over a certain age threshold, typically 16 or 18, who are neither employed nor actively seeking employment, and thus not part of the labor force.
Labor-force Participation Rate
The labor-force participation rate is the percentage of the working-age population that is engaged in the labor market by either being employed or actively seeking employment.
Adults Employed
The portion of the working-age population that is currently employed in the labor market.
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