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

The economy gained just 49,000 jobs in January as recovery sputters amid pressure from virusThe higher figure is another reflection of how the pandemic continues to constrain the labor market.

From Washington Post

The January data, released by the Bureau of Labor Statistics, is yet another reminder of how much ground the labor market still needs to regain to return to pre-pandemic levels.

From Washington Post

The data released Wednesday by ADP Research Institute suggests that the labor market may be starting to pick up again after employment fell in December.

From Washington Post

The problem is that the labor market is broadly weaker, with declines in 36 states, showing that a larger economic decline is under way.

From Fortune

Chris Rupkey, chief financial economist at MUFG, warned in a note to investors that the “dark days of the labor market” from the spring have returned.

From Washington Post

Expensive day care pushes women out of the labor market while men continue to work outside the home.

From The Daily Beast

There is excess supply in the overall labor market for all but a few categories of employees.

From The Daily Beast

A closer look, however, reveals not all young Americans are sharing equally in the labor market recovery.

From The Daily Beast

The labor market is improving, with the economy adding more than 200,000 jobs in October.

From The Daily Beast

It turns out that the labor market was a little stronger than previously thought going into October.

From The Daily Beast

The glut on the labor market was tremendous and wages reached the vanishing point in a currency which would buy little.

From Project Gutenberg

The overstocking of the labor market has become a menace to many trade-unions, especially those of the lesser skilled workers.

From Project Gutenberg

This would result in a large force of idle laborers, whose competition would have its depressing effect on the labor market.

From Project Gutenberg

Arbitrators make their awards with an eye to conditions within the business and to the state of the labor market.

From Project Gutenberg

In the beginning of the capitalistic era only male workers competed with one another on the labor market.

From Project Gutenberg