To understand what implied volatility (IV) is, you must first understand what volatility is. Volatility measures the amount that something changes (or in more fancy jargon, it measures the magnitude of change). For example...the price of gas is volatile.
Labor Organization Definition: A defined group of employees formed for the purposes of representing those employees with the employer as to the terms of a collective contract of employment. Related Terms: Union, Trade Union, Labor Union, Collective Bargaining, Disclaimer of Interest.
These 10 animal facts will amaze you. In economics, especially labor economics, the labor force is defined generally as people of working age who, employed or unemployed, are either working or looking for work. Generally, people below working age or above retirement age are not considered to be part of the labor force.