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Definitions from WordNet

Definitions from the Web

Labor Market

Description

The labor market refers to the supply and demand of labor in a particular area or industry. It represents the interactions between employers and employees, including job vacancies, wages, and workforce availability.

Senses:

Sense 1

Noun: The overall market for labor, encompassing all available job opportunities.

Example Sentence: The labor market in the technology sector is highly competitive, with a high demand for skilled programmers.

Sense 2

Noun: The specific market for labor within a particular geographical region or industry.

Example Sentence: The labor market in rural communities often faces challenges due to limited job opportunities.

Sense 3

Noun: The relationship between labor supply and labor demand, determining wages and employment levels.

Example Sentence: During a recession, the labor market tends to shrink, leading to increased unemployment rates.

Sense 4

Adjective: Describing something related to the labor market or employment.

Example Sentence: The labor market outlook for recent college graduates is promising, with many opportunities in the field of healthcare.