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

The sector is insulated from a weak labor market, and will benefit from an uptick in corporate activity, the analysts say.

From The Wall Street Journal

Anthropic has done a report on what it thinks will be the labor market impacts of AI.

From MarketWatch

The labor market looks fragile now, with payrolls surprisingly dropping 92,000 in February from January, and unemployment ticking up to 4.4%.

From The Wall Street Journal

Meanwhile, the central bank’s hope that declines in the labor market had slowed took a hit Friday, with a surprising plunge in job growth recorded in February.

From MarketWatch

The news, released Friday morning, shattered the markets’ assumption that the labor market has firmed and hiring is on the upswing.

From Barron's