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job market

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jobmarket (countable anduncountable,pluraljob markets)

  1. (business, marketing) Amarket in whichemployersseek outpotentialemployees andemployeessearch forprospectivejobs.
    Synonym:labor market
    • 2024 February 5, “The effect of the job market on the economy”, inU.S. Wealth Management – U.S. Bank[1]:
      America’sjob market continues to expand despite elevated interest rates maintained by the Federal Reserve (Fed).
    • 2024 February 1, Aimee Picchi, “The job market is strong. So why did layoffs double in January?”, inCBS News[2]:
      Thejob market remains one of the U.S. economy's main engines, with the nation's unemployment rate near a 50-year low and wages finally pulling ahead of inflation.
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