labor demand
[/ˈleɪbər dɪˈmænd/]
nounpl: labor demands
demanda de trabalho
1. The total amount of labor that employers are willing and able to hire at various wage rates during a specific period
The labor demand in the tech sector has increased significantly due to digital transformation.
A demanda de trabalho no setor de tecnologia aumentou significativamente devido à transformação digital.
2. The economic concept reflecting the relationship between wage levels and the quantity of labor employers seek to employ
Labor demand curves typically slope downward, showing that higher wages lead to lower employment demand.
As curvas de demanda de trabalho tipicamente inclinam-se para baixo, mostrando que salários mais altos levam a menor demanda de emprego.
In Brazil and the US, understanding labor demand is crucial for policy makers, economists, and business leaders. The term is frequently used in economic reports, labor statistics, and discussions about unemployment rates and wage inflation. During economic booms, high labor demand can lead to wage increases and worker shortages, while recessions typically reduce labor demand.
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