labor market


A collective term that includes all workers, employed or unemployed, who have been or might be hired into paid positions. Labor markets are described as strong or weak depending on the availability of workers to fill positions. In addition to the general labor market, there are also labor markets for specific regions and industries.

Use labor market in a sentence

The labor market was full of potential, so we decided to test it out and see what we could find there.

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The labor market was responsive as many individuals were capable and willing of gaining sufficient skills to perform most types of work.

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Before entering a new career field, it is a good idea to research trends in that particular labor market over the last few years, as well as projections.

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