labor market

noun

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

labor market

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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Word History and Origins

Origin of labor market¹

First recorded in 1825–35

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Example Sentences

Examples have not been reviewed.

In the letter to the president, the Republican coalition say that the fear spread by ICE raids is exacerbating an already tight labor market.

From

Goldin, who was just awarded the Nobel Prize for economics, has knocked down conventional wisdom by studying women’s roles in the labor market over 200 years.

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Red states are responding to employer complaints about a tight labor market by loosening their child labor laws, exposing youngsters to hazardous work and longer hours.

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From the research, we know that lower levels of life satisfaction and feelings of well-being in youth lead to worse labor market outcomes, i.e. making less money later in life.

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Given the current economic climate and cooling labor market, these concerns aren’t surprising.

From

Labor-Management Relations Act labor movement

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