labor market

• Teil des Arbeitsmarktes, auf dem das Angebot an Arbeitskräften und die Nachfrage nach Arbeitsplätzen aufeinandertreffen; der Markt, auf dem Arbeitgeber Beschäftigte suchen und Arbeitnehmer Arbeit suchen.

The supply of available workers in relation to available work opportunities in an economy; the market in which employers seek employees and workers seek jobs.

1. Supply and demand for workersB2formal

   The economic environment where employers seek workers and workers seek employment, influenced by wages, skills, and economic conditions.

   Arbeitsmarkt

   • The labor market is currently very competitive for software engineers.
   • Government policies can significantly affect the labor market.
   • A tight labor market often leads to higher wages.

2. Employment opportunitiesB2formal

   The overall availability of jobs and the characteristics of the workforce in a specific region or industry.

   Arbeitsmarkt

   • The local labor market has been struggling since the factory closed.
   • She is researching trends in the global labor market.
   • New graduates are entering the labor market every year.