employment growth

Employment growth refers to the increase in the number of people employed within an economy over a period of time. It indicates a healthy, expanding economy where businesses are hiring more workers to meet demand. This growth can result from new companies opening, existing companies expanding, or increased demand for goods and services. When employment grows, more individuals find work, which can improve household incomes and overall economic well-being. It is a key indicator used by policymakers and economists to assess economic health and to help guide decisions on investments, policies, and resource allocation.