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English definition of “labour market”

labour market

noun [C] UK ( US labor market)     ECONOMICS, HR
the supply of people in a particular country or area who are able and willing to work , especially in relation to the number of jobs that are available : Economic recovery had encouraged many people to enter the labour market . a competitive / flexible / strong labour market a global / local labor market → Compare job market
→ See also external labour market, internal labour market
(Definition of labour market noun from the Cambridge Business English Dictionary © Cambridge University Press)
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