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The market for jobs - workers searching for work and employers offering work.
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labour market UK US UK (US labor market) noun [C] ECONOMICS, HR
► the supply of people in a particular country or area who are able and willing to work, especially in relation to the number of jobs that are available: »
Economic recovery had encouraged many people to enter the labour market.
»a competitive/flexible/strong labour market
»a global/local labor market
→ See also EXTERNAL LABOUR MARKET(Cf. ↑external labour market), INTERNAL LABOUR MARKET(Cf. ↑internal labour market)
Financial and business terms. 2012.