Search results
Results From The WOW.Com Content Network
What Is the Labor Market? The labor market refers to the supply of and demand for labor. Also known as the job market, it's based on employees providing the supply and employers...
The meaning of LABOR MARKET is the number of workers who are available to be hired.
the supply of people in a particular country or area who are able and willing to work, especially in relation to the number of jobs that are available: Economic recovery had encouraged many people to enter the labour market. a competitive / flexible / strong labour market. a global / local labor market. Compare.
The labour market refers to the supply of and demand for labour, where workers provide the supply and firms or employers provide the demand. It is a fundamental market in any economy, determining the allocation of labour resources, wage levels, employment conditions, and many other critical aspects of work. The dynamics of the labour market are ...
What is the Labor Market? The labor market is the place where the supply and the demand for jobs meet, with the workers or labor providing the services that employers demand.
LABOUR MARKET meaning: 1. the supply of people in a particular country or area who are able and willing to work: 2. UK…. Learn more.
the supply of people in a particular country or area who are able and willing to work: More women are being encouraged into the labor market these days. SMART Vocabulary: related words and phrases. Workers in general. a man/woman of action idiom. anti-labor.
Definition. The labor market is the market in which workers find paying work, and employers find the labor they need. It is a key component of any economy, as the availability and cost of labor directly impact the production of goods and services.
noun. the available supply of labor considered with reference to the demand for it. An area of economic exchange in which workers seek jobs and employers seek workers. A “tight” labor market has more jobs than workers. In a “slack” labor market, the reverse is true.
What is the labor market? The labor market is the term that economists use for all the different markets for labor. There is no single labor market. Rather, there is a different market for every different type of labor.