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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 from the Cambridge Business English Dictionary © Cambridge University Press)
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