It equals the number of hires during the month less the number of separations (including layoffs, quits, and other separations). In any given month, a large number of workers are being hired or are leaving their current jobs, illustrating the dynamism of the U.S. labor market. For example, between 2001 and 2007, private employers hired nearly 5 million people, on average, each month.
According to the Approach Document to the Twelfth Five Year Plan, the labour force in India is expected to increase by 32 per cent over the next 20 years, while it will decline by 4 per cent in industrialized countries and by nearly 5 per cent in China. This “demographic dividend” can lead to sustainable long term growth, provided two conditions are fulfilled.