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

Of more immediate concern, there is a lot of uncertainty over the election outcome, especially because of Trump’s threats to ramp up tariffs and deport millions of undocumented immigrants, which would affect the labor market.

From Los Angeles Times

In the current moment, long-term shifts in the global economy and labor markets, automation and new technologies like AI and the ongoing societal transformations catalyzed by feminism have challenged those pillars of masculine identity.

From Salon

“We don’t think we’re behind,” he said, repeating several times that the labor market and the overall economy are in good shape.

From Los Angeles Times

Last year — amid a stagnating economy and slackening labor market — it reached record highs.

From Los Angeles Times

California’s labor market weakened at the end of summer, with the unemployment rate ticking up again and the state eking out a small number of new jobs, according to new data released Friday.

From Los Angeles Times