- the available supply of labor considered with reference to the demand for it.
Origin of labor market
First recorded in 1825–35
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2018
Examples from the Web for labor market
But broader measures of labor-market frustration remain at very high levels.Jobs Report Proves the Economy Is on the Upswing
November 2, 2012
This is patent, else the scab would not loom so large on the labor-market horizon.War of the Classes
Our best economists reprehend the policy of depleting our labor-market.Ginx's Baby
In the labor-market we stand ready to sell to the highest bidder our mere muscular strength for so many hours each day.
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.
The New Dictionary of Cultural Literacy, Third Edition Copyright © 2005 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.