labor markets
Where hiring happens
A labor market is the arena where employers seek workers and workers seek jobs.
Like other markets, labor markets involve supply, demand, and price—here the price is wages.
Economists analyze labor markets to understand employment trends, wage levels, and workforce dynamics: The tech labor market remains competitive despite layoffs.
Local and national labor markets may behave quite differently.
- employersThose who hire staff
- jobseekersPeople looking for work
- social mobilityMovement between societal strata
- glass ceilingUnacknowledged limit blocking advancement
- workEffort toward a goal
blue collar · white collar · poverty · economic growth · salaries · automation · globalization · skills gap · wage stagnation · collective bargaining · unemployment rate · vocational training · industrial relations · workforce · full employment · jobs · hiring · minimum wage
- laborwork, workers, hard work, employment, effort
- labor migrationmigrant worker, migrant workers, guest workers, guest worker, foreign workers
- Territory Economicsfederal aid, federal grants, economic development, tax incentives, infrastructure funding
- economic geographyeconomic geography, regional planning, agglomeration, clustering, hinterland
- privatizationprivatization, denationalization, divestiture, asset sales, healthcare privatization
- capitalismcapitalism, free enterprise, private property, profit motive, supply and demand
labor marketscapital markets
Securities trading venues
commodity markets · financial markets · real estate markets · stock markets · bond markets
labor marketsslave labor
Coerced unpaid servitude
forced labor · central planning · command economy · conscription · serfdom
labor marketsslavery
Ownership of people
forced labor · indentured servitude · serfdom · bonded labor · human trafficking
market, labor, laborer, labored, laboring, collaborate, collaboration, laborers, collaborator