labor market

• Mercado en el que los empleadores buscan trabajadores y los trabajadores buscan empleo; la oferta de mano de obra disponible en relación con los puestos de trabajo existentes en una economía.

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.

   mercado laboral

   • 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.

   mercado laboral

   • 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.