Okuzeka
Economics vocabulary · Jobs and Unemployment

Job vacancy

Meaning in economics, with examples

nounCommon term

In economics, job vacancy means: A paid position that is available and that an employer is actively trying to fill.

In Turkish: açık iş, açık pozisyon, boş kadro

How it is used

Economists watch the number of vacancies, and the ratio of vacancies to unemployed people, to judge how tight the labour market is. Firms advertise, fill or cut vacancies. TurkStat publishes job vacancy statistics; the US equivalent is the JOLTS report on job openings.

Example sentences

  1. There are now more job vacancies than unemployed people in the country.

  2. The hotel has struggled to fill its job vacancies before the summer season.

Common collocations

  • fill a vacancy
  • advertise a vacancy
  • job vacancy rate
  • unfilled vacancies
  • job openings
  • labour shortageA situation in which employers cannot find enough workers, or enough workers with the right skills, to fill their vacancies.
  • 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.
  • job creationThe 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.

More terms: Jobs and Unemployment

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