The term "labour market" refers to a place where employers and employees come together in order to buy, sell or exchange work. It is an economic concept that describes the supply and demand for labor within a geographic area, industry or skill set. The labour market includes all workers who are available to perform work, as well as those seeking jobs, their skills, wages, working conditions, union affiliation, and other factors that can influence employment opportunities. It is an important factor in determining the overall health of a country's economy, with fluctuations in the labor market often being used as a barometer for economic growth or decline.