Job Market

The job market, also known as labour market, is the place where both employers and job seekers conduct their searches. The job market is a term that illustrates the competitiveness and interaction between various labor forces rather than a physical location. Depending on the availability and demand for labor within the larger economy, the job market may expand or contract. The demands of a particular industry, the requirement for a given degree of education or skill set, and necessary job tasks are other market-influencing elements. A important part of any economy is the job market, which is closely related to consumer demand for goods and services.