What does labor demand mean?

Definitions for labor demand
la·bor de·mand

This dictionary definitions page includes all the possible meanings, example usage and translations of the word labor demand.


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Wikipedia

  1. Labor demand

    In economics, the labor demand of an employer is the number of labor-hours that the employer is willing to hire based on the various exogenous (externally determined) variables it is faced with, such as the wage rate, the unit cost of capital, the market-determined selling price of its output, etc. The function specifying the quantity of labor that would be demanded at any of various possible values of these exogenous variables is called the labor demand function. The sum of the labor-hours demanded by all employers in total is the market demand for labor.

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Numerology

  1. Chaldean Numerology

    The numerical value of labor demand in Chaldean Numerology is: 2

  2. Pythagorean Numerology

    The numerical value of labor demand in Pythagorean Numerology is: 8

Examples of labor demand in a Sentence

  1. Jesse Hurwitz:

    Combining these data with figures from the Labor Department's employment report suggests that labor market slack continues to diminish, on balance, the data suggest labor demand held up solidly at the beginning of the third quarter.

  2. Jesse Hurwitz:

    Between the solid growth in labor demand and what we view as little remaining labor market slack, we expect that a modest pick-up in wage growth will give Fed policymakers the confidence in the inflation outlook needed to move toward an initial rate hike by mid-year.

  3. Saadia Maalim Mohamed:

    The school calendar is based around rainfall patterns, learning takes place during the rainy season when labor demand on the children is low and movement of communities is minimal.

  4. Jared Bernstein:

    What we’re trying to do here is put some real money where our mouths are, you don’t just train somebody for a job that might or might not exist. Instead, you look around the corner and see where labor demand is going to be next year.

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"labor demand." Definitions.net. STANDS4 LLC, 2024. Web. 28 Mar. 2024. <https://www.definitions.net/definition/labor+demand>.

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