labor market
Where jobs compete
The labor market is the arena where workers seek employment and employers seek workers.
Like other markets, it operates through supply and demand—wages rise when workers are scarce and fall when jobs are scarce.
Economists speak of tight labor markets when unemployment is low and workers have bargaining power, slack labor markets when jobs are hard to find.
- wagesPayment for work
- workforceAll available workers
- employmentPaid occupation status
- hireTake on for work
- help wantedEmployment listings header
recruitment · job seekers · worker shortage · gig economy · supply and demand · skills gap · wage stagnation · occupational safety · job creation · collective bargaining · demand · economic justice · hiring · working conditions · glass ceiling · income inequality · trade unions · payroll
- economic indicatorsGDP, GDP report, GNP, CPI, PPI
- employmentjob, jobs, career, careers, interview
- economicssupply and demand, inflation, GDP, GNP, gross domestic product
- job marketjobs, employment, job seekers, job search, job hunting
- workforceworkers, employee, employees, employer, worker
- market economicsmonopoly, oligopoly, perfect competition, duopoly, monopsony
labor marketcapital market
Long-term securities trading system
financial market · commodity market · stock market · real estate market · money market
labor marketslave labor
Coerced unpaid servitude
slavery · forced labor · conscription · serfdom · command economy
market, labor, laborer, labored, laboring, labour, collaborate, collaboration, laborers