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Statistics and facts on Labor Statistics
Product manufacturing is classified as more or less labor-intensive, and labor availability is crucial for the manufacturing industry Labor Market stimulates all economic activity in the organized and unorganized sector Many companies have their overseas operation because of cheap labor costs
Labor welfare is important for the good health of the labor sector The government and policymakers prioritize creating jobs and labor laws to prevent labor exploitations, bring social security and good quality of working and living
Our labor statistics predominantly dealt with the labor market The labor forces key indicators are working-age population, employment to population ratio, labor force participation, employment rate, and unemployment rate Working condition indicators are minimum wage, monthly or hourly wage, working time, minimum desirable number of work hours, insurance, employee provident funds, health and work accident and death that occurred in the working area, and many more
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