labor market

noun

1. the available supply of labor considered with reference to the demand for it.

labor market

1. 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.

Word History and Origins

Origin of labor market¹

First recorded in 1825–35

Example Sentences

The RBA has highlighted the risk of becoming “boxed in” by limited spare capacity, a tight labor market and a recovering economy.

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Markets expect the Federal Reserve to cut benchmark interest rates again in December, following signs that the labor market is cooling.

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The labor market is uneven: Technology, leisure/hospitality and healthcare are doing better than, say, retail and support services.

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Persistent inflation, plus a tight labor market, suggest that “the Bank of Japan will resume its tightening cycle over the next couple of months,” said Marcel Thieliant, head of Asia-Pacific at Capital Economics.

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Fed Gov. Christopher Waller said the labor market is weak enough to warrant another rate cut in December.

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