employment


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Related to employment: employment exchange

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 classic literature ?
When they came to an end, I tried to get employment again, and I failed.
The postscript which she had made me add to my letter; the incomprehensible withdrawal from the employment in which she was prospering; the disheartening difficulties which had brought her to the brink of starvation; the degrading return to the man who had cruelly deceived her--all was explained, all was excused now!
I found employment, the third day after my ar- rival, in stowing a sloop with a load of oil.
These papers are delivered to a set of artists, very dexterous in finding out the mysterious meanings of words, syllables, and letters: for instance, they can discover a close stool, to signify a privy council; a flock of geese, a senate; a lame dog, an invader; the plague, a standing army; a buzzard, a prime minister; the gout, a high priest; a gibbet, a secretary of state; a chamber pot, a committee of grandees; a sieve, a court lady; a broom, a revolution; a mouse-trap, an employment; a bottomless pit, a treasury; a sink, a court; a cap and bells, a favourite; a broken reed, a court of justice; an empty tun, a general; a running sore, the administration.
These unhappy people were proposing schemes for persuading monarchs to choose favourites upon the score of their wisdom, capacity, and virtue; of teaching ministers to consult the public good; of rewarding merit, great abilities, eminent services; of instructing princes to know their true interest, by placing it on the same foundation with that of their people; of choosing for employments persons qualified to exercise them, with many other wild, impossible chimeras, that never entered before into the heart of man to conceive; and confirmed in me the old observation, "that there is nothing so extravagant and irrational, which some philosophers have not maintained for truth."
Harris a week or two after George had been taken away, when, as he hoped, the heat of the occasion had passed away, and tried every possible inducement to lead him to restore him to his former employment.
He had not then talked to me of employment, of ships, of being ready to take another command; but he had discoursed of his early days, in the abundant but thin flow of a wilful invalid's talk.
I told him that I wanted to begin right at the bottom and work up, that I wanted to devote my life to this one occupation and this one employment.
In the car-house your first employment will be sweeping up, washing the windows, keeping things clean.
The employment was likely to be both easy and agreeable; it was proposed to me at the autumn time of the year when I was least occupied; and the terms, judging by my personal experience in my profession, were surprisingly liberal.
Neither my mother's evident astonishment at my behaviour, nor Pesca's fervid enumeration of the advantages offered to me by the new employment, had any effect in shaking my unreasonable disinclination to go to Limmeridge House.
He did not believe that any honest work was a "dirty employment." In one of his poems he says:

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