Examlex
With IT,the old standardized assembly line has become quickly adaptable because workers have instantaneous access to assembly instructions for all the product options,and equipment can be changed quickly for each customer's order.
Discouraged Workers
Individuals who are not actively looking for work because they believe no jobs are available for them or there are no jobs for which they would qualify.
Cyclical Unemployment
A type of unemployment that corresponds with the cyclical trends in growth and production that occur within the business cycle.
Labor Force
The total number of people available to work, including those currently employed and those actively seeking employment, within a particular economy.
Skills Demand
The requirement by employers for specific skills or qualifications from the workforce to fulfill job roles.
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