 Work involved performing all of the tasks necessary to produce goods and provide services that meet human needs.  Many people begin work at 18 and retire at 65, spending 47 years in the labor force  Labor force consists of individuals 16 and older who are employed in paid positions or are seeking paid employment › In 2007, approx. 66 % of the population was part of the labor force

 Profession is a high-status occupation that requires specialized skills and knowledge › (ex. Doctor, lawyer, engineer, teacher, dentist, etc.)  Occupations can be in many fields › Managerial, executive, administrative › Professional specialty › Service occupations › Technical occupations › Sales workers › Administrative support occupations › Precision production, craft, and repair workers › Operators, fabricators, and laborers › Farming, forestry, and fishing › Transportation and material moving

 Unemployment is the situation when a person does not have a job but is actively seeking employment  Unemployment Rate is the % of the labor force that is unemployed but seeking employment

 Studies show that the vast numbers of workers are satisfied with their jobs.  42% said they are very satisfied  38% said somewhat satisfied  People with a higher income were generally more satisfied than those with a lower income  Satisfaction can lead to career change, which is becoming more prominent in Americas work force

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