The phrase "labor market" refers to the interaction between workers or job seekers and employers. It represents the place or mechanism where people look for jobs and businesses search for workers to hire. Full definition
This growth in consumer spending probably is due, in part, to improvements in labor market conditions, household balance sheets and household access to credit. (newyorkfed.org)
This assessment will take into account a wide range of information, including measures of labor market conditions, indicators of inflation pressures and inflation expectations, and readings on financial and international developments. (finance.yahoo.com)
This series is at a recent high, reflecting that in a tight labor market more potential workers are being drawn into the workforce. (ritholtz.com)