Tight labour market meaning

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A labour market is �tight� if vacant jobs are plentiful and available workers are scarce. This often happens when unemployment has fallen, and. A labour market is �tight� if vacant jobs are plentiful and available workers are scarce. This article considers broader measures of labour market availability. A tight labour market is one in which demand for labour is at least as strong as supply � in other words, a labour market in which employers.

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In the wake of the financial crisis, many people struggled to find work. Think of it as a global marketplace where employers find workers and workers find jobs. Image description: A horizontal bar chart is organized in 22 rows from highest to lowest value, with two thirds of the bars having positive values extending to the right, and the rest at the bottom with negative values extending to the left. Indeed, unfilled vacancies in such sectors � notably, recreation and accommodation � have been especially high in the later stage of the recovery.