Tööjõudus

Tööjõudus is an Estonian term that translates to "labor force" or "workforce" in English. It refers to the total number of people who are either employed or unemployed but actively seeking employment within a specific geographical area or economy. This encompasses individuals who are available to work and are engaged in or seeking to engage in economic activity.

The size and composition of the tööjõudus are key indicators of a nation's economic health and potential. Factors influencing the tööjõudus include demographics, such as birth rates and migration patterns, as well as educational attainment and labor market policies. A growing tööjõudus can contribute to increased production and economic output, while a shrinking one may present challenges for economic growth and social welfare.

Economists and policymakers closely monitor the tööjõudus to understand labor market trends, assess unemployment rates, and formulate strategies for employment creation and economic development. The concept of tööjõudus is fundamental to understanding supply and demand dynamics within the labor market and is a crucial element in national economic planning.