Examlex
The code HIV indicates which of the following?
Labor Supplied
The total hours that workers are willing to work at a given wage rate, representing the workforce availability in the economy.
Labor Demanded
The total amount of workers that employers in the economy want to hire at a given wage level and time period.
Labor-Force Participation
the ratio of the number of individuals who are working or actively looking for work to the total number of individuals eligible to participate in the workforce.
Bureau of Labor Statistics
An agency of the U.S. government tasked with gathering, examining, and distributing vital data concerning labor market dynamics, employment environments, and fluctuations in prices.
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