Okuzeka
Economics vocabulary · Jobs and Unemployment

Job creation

Meaning in economics, with examples

nounCommon term

In economics, job creation means: The process by which an economy or a business adds new jobs, often measured as the number of new positions in a month or a year.

In Turkish: istihdam yaratma, iş yaratma

How it is used

Common in news and policy debates: job creation slowed, policies to boost job creation, net job creation (new jobs minus jobs lost). Governments often justify investment incentives by the number of jobs they will create.

Example sentences

  1. Job creation slowed sharply in the second half of the year.

  2. Small firms account for most job creation in the economy.

Common collocations

  • boost job creation
  • net job creation
  • job creation slowed
  • job creation scheme
  • unemploymentThe situation of people who have no job but are available for work and actively looking for one; also the number or share of such people.
  • labour marketThe market in which workers offer their time and skills and employers hire them, setting the level of employment and wages.
  • incentiveSomething such as a reward, a price or a penalty that encourages people or firms to act in a particular way.
  • full employmentA situation in which almost everyone who wants a job can find one; some unemployment still exists because people change jobs or lack the right skills.

More terms: Jobs and Unemployment

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This page explains English vocabulary for learners. It is not financial advice.