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

Online travel companies are grappling with a tough macroeconomic environment, with would-be holidaymakers reluctant to dip into their pockets due to stubborn inflation and a shaky labor market.

From Barron's

Fed officials are still trying to strike a careful balance: leaning against inflation without bruising the labor market.

From The Wall Street Journal

Ray's work looks at how people are navigating their careers, networking and pivoting amid sweeping changes in the labor market.

From The Wall Street Journal

For much of last year, the Fed’s debate centered on whether the labor market was softening and whether precautionary cuts were needed to prevent a sharper slowdown.

From Barron's

For much of last year, the Fed’s debate centered on whether the labor market was softening and whether precautionary cuts were needed to prevent a sharper slowdown.

From Barron's