Job Market

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.


Investment dictionary. . 2012.

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  • job market — ➔ market1 * * * job market UK US noun [C, usually singular] ► ECONOMICS, HR the number of jobs that are available in a particular place or for a particular type of work: a competitive/tough job market »It is hard for low skilled workers to earn… …   Financial and business terms

  • job market — 1. the total number of vacant jobs open to those seeking employment. 2. the aggregate of those persons seeking employment: Thousands of June graduates entered the job market. * * * …   Universalium

  • job market — 1. the total number of vacant jobs open to those seeking employment. 2. the aggregate of those persons seeking employment: Thousands of June graduates entered the job market …   Useful english dictionary

  • job market — demand for employment, job availability …   English contemporary dictionary

  • job market — /ˈdʒɒb makət/ (say job mahkuht) noun the available jobs at a given time, seen as a marketplace in which people go as if shopping for a purchase …  

  • Job security — is the probability that an individual will keep his or her job; a job with a high level of job security is such that a person with the job would have a small chance of becoming unemployedTrends Affecting Job SecurityTypically, government jobs and …   Wikipedia

  • Shrinking Ph.D. Job Market — ▪ 1998       Since the 1980s the market for new Ph.D. s to fill tenure track positions in U.S. colleges and universities has decreased significantly. Despite this decrease, the production of new doctorates has increased. Between 1970 and 1993 the …   Universalium

  • market — Usually refers to the equity market. The market went down today means that the value of the stock market dropped that day. Bloomberg Financial Dictionary * * * ▪ I. market mar‧ket 1 [ˈmɑːkt ǁ ˈmɑːr ] noun 1. [countable] COMMERCE the activity of… …   Financial and business terms

  • market — mar|ket1 W1S1 [ˈma:kıt US ˈma:r ] n ▬▬▬▬▬▬▬ 1¦(place to buy things)¦ 2 the market 3 on the market 4¦(country/area)¦ 5¦(people who buy)¦ 6 be in the market for something 7 the job/labour market 8 a buyer s/seller s market ▬▬▬▬▬▬▬ [Date: 1100 1200; …   Dictionary of contemporary English

  • job — noun 1 employment ADJECTIVE ▪ decent, good, great, worthwhile ▪ interesting ▪ high powered, top ▪ …   Collocations dictionary

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