JOB MARKET
A market in which employers search for employees and employees search for jobs. The job market is not a physical place as much as a concept demonstrating the competition and interplay between different labor forces. The job market can grow or shrink depending on the labor demand and supply within the overall economy, specific industries, for specific education levels or specific job functions.
The job market is directly related to the unemployment rate. The higher the unemployment rate, the greater the supply of labor in the overall job market. When employers have a larger pool of applicants to choose from, they can be pickier or force down wages. As the unemployment rate drops employers are forced to compete more heavily for available workers, which has the effect of increasing wages.
- job market—job market translation job marketstrong job market marketsup job market UKu USu nounu [Cu usually singularu] ECONOMICSu HRu the number of jobs that are available in...Financial and business terms
- job market—рынок труда...Англо-русский деловой словарь
- job market—Рынок труда...Англо-русский словарь по экономике
- job market—рынок труда...Англо-русский словарь финансовых терминов
- job market—эк. labour market...Англо-русский экономический словарь