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

UCLA’s report notes that the labor market “deteriorated notably” in June while inflation pivoted away from a path of “gradual normalization” onto a rising trajectory.

From Los Angeles Times

Many of her clients are moms who opened small businesses on Etsy because it afforded them the flexibility they were missing in the American labor market.

From Salon

"Right now, inflation is a key subplot, but the labor market is still the main story," said Ellen Zentner, chief economic strategist for Morgan Stanley Wealth Management.

From BBC

Hispanics have been a key engine powering consumer spending during the U.S. pandemic recovery, but the group is starting to bend after years of price increases and a cooling labor market.

From Los Angeles Times

On Friday, the Bureau of Labor Statistics issued jobs numbers showing a contraction of the labor market in July, a first since the depths of the pandemic in 2020.

From Los Angeles Times