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Analysis of Data on Workers and Those Looking for Work

question 224

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Analysis of data on workers and those looking for work is conducted by economists at the


Definitions:

Skills Shortage

A situation where the demand for specific skills exceeds the supply of individuals who have those skills within the labor market.

Domestic Workforce

Employees who work within their own country, often distinguished from an international or global workforce.

New Economy

Refers to the shift from traditional manufacturing and industry-based economies to an economy focused on technology, digital services, and information.

Virtual Workforce

A group of individuals who work remotely, often from various geographical locations, connected via technology.

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