labor market

American  

noun

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

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labor market Cultural  

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.

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Etymology

Origin of labor market

First recorded in 1825–35

Example Sentences

“I viewed that as the right step to balance the upside risk of persistent above-target inflation and the downside risk of a deteriorating labor market,” he added.

From The Wall Street Journal

Sluggish labor market aside, recent economic data and this week’s bank earnings have reassured some investors that the economy is on firm footing, with healthy credit conditions and low risk of a near-term recession.

From The Wall Street Journal

“Absent a clear and sustained improvement in labor market conditions, we should remain ready to adjust policy to bring it closer to neutral,” Bowman said.

From The Wall Street Journal

The week ahead in Australia will be dominated by December employment data due Thursday, with economists expecting the labor market to remain relatively tight.

From The Wall Street Journal

In a softer labor market, the pressure to snag any position can feel debilitating.

From MarketWatch