labor market equilibrium

Popular Terms
The balanced situation where the supply of potential employees is equal to the demand. When labor market equilibrium occurs, neither a labor excess nor a labor deficit is observed in the job market, and pay scales tend to remain constant as a result.

Use 'labor market equilibrium' in a Sentence

Once the labor market stabilizes to such a point that we have reached labor market equilibrium, we can expect pay scales to remain constant as a result.
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The labor market equilibrium was really interesting to me and I wanted to know what our balance was among our potential employees.
14 people found this helpful
Labor market equilibrium was the goal for those whose interests lie equally between companies and the people looking for work.
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