What term refers to all persons aged 16 and older who are working or actively seeking employment?

The term that refers to all persons aged 16 and older who are working or actively seeking employment is the labor force. This concept encompasses both individuals currently employed and those who are unemployed but seeking work, creating a complete picture of the available workforce in an economy.

In economic terms, the labor force is essential for understanding employment rates and overall economic health, as it indicates how many people are engaged in or looking for work. In contrast, other terms such as "employment pool" typically refer to those currently employed within a specific organization or industry, the "job market" refers more specifically to the available jobs and employment opportunities, and "workforce" often describes the group of individuals engaged in work within a company or sector rather than the broader population considering employment opportunities.