Labour Market

Labour Hoarding
Retention of excess workers by a business during a downturn in expectation of future output recovery.
External Labour Market
The system by which recruitment for senior appointments in an organization is mainly by open competition.
Active Labour Market Policies
Government interventions aimed at assisting the unemployed to find work, including job centres, training schemes, and employment subsidies.
Internal Labour Market
A system by which recruitment for senior positions is predominantly filled from within the organization's existing employees.
Labour Force Survey
An overview of the Labour Force Survey, its historical background, major frameworks, and comparative analysis.
Lump of Labour Fallacy
The belief that the number of jobs in an economy is fixed, and the economic analysis disproving this belief.
Workforce
Comprehensive exploration of the term 'Workforce,' synonymous with 'labour force'