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Professor Cai Fang, a Chinese labour economist, estimates that the rapid decrease of the labour force will lower China's annual growth rate by 1.5 percentage points from now to 2015, and it will decrease a further percentage point during the period from 2016-2020.
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Labour economists call these folks out-of-the-labour-force (OLF).
The steadily decreasing portion of the labour force working in agriculture is indicative of the sector's declining role in Finland's economy.
The most striking aspect in such development is generally the enormous decrease in the proportion of the labour force employed in agriculture.
The difference is accounted for by migrant workers, a decrease in the number of multiple job-holders, and a decrease in the labour force (increase in education).
Similarly, the proportion of the labour force engaged in agriculture decreased from about one-half to less than one-eighth over the same time span, and the trend has continued.
The implications of this assumption mean that the percentage of the labour force with only an elementary level of education will decrease and that the percentage of university graduates will increase by ten points by 2060 [see, González (2013)].
Agriculture employs most of the labour force.
Labour economics, study of the labour force as an element in the process of production.
Another fifth of the labour force worked in public administration.
About two-thirds of the labour force belongs to unions.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com