Labor Force
Labor market is an insubstantial market where workers (as producers of goods called "skills") find jobs, while employers (as consumers of a specific type of these produced goods called "skills") find workers willing to sell their skills through work. Trade bargaining agreements and pricing of these goods are subject to the market supply and demand and are called wages and conditions of employment.
Labor market statistics play a central role in designing and evaluating government policies and programs such as macro-economic planning and human resources development planning. It provides measures of the size and structure of the labor force, level of employment and unemployment, detailed demographic, social and economic characteristics of the population (age groups, sex, marital status, educational level, status in employment, economic activity, sector.. as well as wage levels and working hours).
The first Labor Force Sample Survey was conducted in 2001. Starting from 2006, the execution of these surveys came to be on annual basis. In view of the importance of this survey, it is now carried out on monthly basis.
