What is Labor Market?

Whether you're a beginner or an expert, you will find this Glossary useful.

Labor market is a geographical region (local, national or international) that acts as a place of interaction in which labor transactions occur in a supply-demand fashion: employers find workers and workers find work.

Labor market definition

Labor market is a geographical region (local, national or international) that acts as a place of interaction in which labor transactions occur in a supply-demand fashion: employers find workers and workers find work.

Employers want to hire the best workers while workers want to find a satisfying job. Labor market is influenced by wages and unemployment ratio.



TalentLyft ATS

Your Hiring Teammate

TalentLyft is intuitive and simple recruitment software specialized for SMBs.
Try it free for 14 days!
No credit card required, unsubscribe at any time.