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Lexeme: labor statistic  
Very Rare (0.01)
Definition:
  1. noun. Labor statistics, also known as labor market statistics or employment statistics, refer to data and information related to the labor force and its dynamics within an economy. These statistics help analyze and understand various aspects of employment, unemployment, wages, working conditions, and other factors that impact the labor market. Labor statistics are typically collected and reported by government agencies, such as the Bureau of Labor Statistics in the United States, and are used by policymakers, economists, researchers, and businesses to make informed decisions and assess the economic health and trends in a specific region or country. GPT3.5
Word Forms:
  • noun. labor statistic (singular), labor statistics (plural)
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