employment

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employment

the use of LABOUR and CAPITAL to produce goods and services. See LABOUR FORCE, CAPITAL STOCK.

employment

  1. 1micro-context - the use of LABOUR as a FACTOR OF PRODUCTION;
  2. macro-context - the aggregate number of persons in work in the economy as a constituent of the LABOUR FORCE. The size and quality of the labour force is a crucial determinant of the economy's capacity to provide output (see AGGREGATE SUPPLY) and achieve ECONOMIC GROWTH over time.
References in periodicals archive ?
Many job shoppers are single people in their late twenties and early thirties.
"Freeway" or "subway" job shopper is industry parlance for the person who goes from one assignment to another in the same metropolitan area.
Nearly half, or 49% say they likely will NOT be in the job market this year, 23% say they might be, and only 10% are active job shoppers."