Given the following information,how many people are in the labor force? 4 million people are collecting unemployment insurance;8 million people are officially unemployed;3 million people are discouraged workers;and 115 million people are employed.

Labor Force

The total number of people, including both the employed and unemployed, who are actively seeking work.

Discouraged Workers

Individuals who are not actively looking for work because they believe no jobs are available for them or there are none for which they would qualify.

Unemployment Insurance

A state-funded initiative offering monetary support to people unemployed due to circumstances beyond their control.