Author Topic: What is Job Market?  (Read 817 times)

Golam Kibria

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What is Job Market?
« on: May 22, 2013, 12:37:51 PM »
A market in which employers search for employees and employees search for jobs. The job market is not a physical place as much as a concept demonstrating the competition and interplay between different labor forces. The job market can grow or shrink depending on the labor demand and supply within the overall economy, specific industries, for specific education levels or specific job functions.
Golam Kibria
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Asst. Manager, Bangladesh Skill Development Institute
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Golam Kibria

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Re: What is Job Market?
« Reply #1 on: May 22, 2013, 12:38:26 PM »
The job market is directly related to the unemployment rate. The higher the unemployment rate, the greater the supply of labor in the overall job market. When employers have a larger pool of applicants to choose from, they can be pickier or force down wages. As the unemployment rate drops employers are forced to compete more heavily for available workers, which has the effect of increasing wages.

Source : investopedia.com/terms/j/job-market.asp
Golam Kibria
Email : golam_1373@diu.edu.bd
Mobile : 01843674226, 01983035686
Asst. Manager, Bangladesh Skill Development Institute
CEO, NS Information Technology
Ex. Sr. Teacher, Ehaque Coaching, (Wari & Laxmibazar)
Ex.Lecturer, Sher-E-Bangla Balika Mohabiddaloy