labor market

American  

noun

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

---

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.

---

Etymology

Origin of labor market

First recorded in 1825–35

Example Sentences

Another big benefit of maintaining a positive inflation target is there’s evidence that it improves labor market efficiencies.

From Barron's

They also create problems for the Federal Reserve, which must now worry about a rebound in inflation just as the U.S. labor market was showing signs of strain.

From MarketWatch

While consumers’ expectations for inflation and interest rates surged in March to levels not seen since last August, upbeat feelings about the labor market offset those worries.

From MarketWatch

Views of the labor market in The Conference Board’s survey mostly held steady.

From The Wall Street Journal

In separate data released Tuesday, the unemployment rate in Germany—the eurozone’s largest economy—held steady, though rising uncertainty is likely to place great strain on the labor market in the coming months.

From The Wall Street Journal