Cambridge Dictionaries online Cambridge Dictionaries online

The most popular online dictionary and thesaurus for learners of English

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 from the Cambridge Business English Dictionary © Cambridge University Press)
What is the pronunciation of labour market?
Browse related topics

You are looking at an entry to do with Workers in general, but you might be interested in these topics from the Working topic area:

Add Cambridge dictionaries to your browser to your website

More Business English definitions for “labour market”

Definitions of “labour market” in other dictionaries

Translations of “labour market”

Word of the Day

knack

a skill or an ability to do something easily and well

Word of the Day

Blog

Read our blog about how the English language behaves.

Learn More

New Words

Find words and meanings that have just started to be used in English, and let us know what you think of them.

Learn More