labor force contraction
[ˈleɪbər fɔrs kənˈtrækʃən]
nounpl: labor force contractions
contração da força de trabalho
1. A decrease in the total number of people employed or actively seeking employment in an economy or specific sector
The labor force contraction during the pandemic led to significant unemployment rates.
A contração da força de trabalho durante a pandemia levou a taxas significativas de desemprego.
2. A reduction in the size of the working population due to retirement, migration, or workforce participation decline
Demographic changes have caused a labor force contraction in developed nations.
As mudanças demográficas causaram uma contração da força de trabalho nas nações desenvolvidas.
3. The shrinking of available workers in the labor market affecting economic productivity
The labor force contraction is expected to impact GDP growth negatively.
Espera-se que a contração da força de trabalho impacte negativamente o crescimento do PIB.
This term is commonly used in economic policy discussions in both Brazil and the USA. In Brazil, it has become increasingly relevant due to aging demographics and migration patterns. In the United States, it gained prominence during discussions of post-pandemic employment trends and the 'Great Resignation.' The term is formal and typically appears in government reports, economic analyses, and mainstream media coverage of employment trends.
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