Labour market has been defined as the nominal market in which workers find paying work, employers find willing workers, and wage rates are determined. The scope of labour markets include markets includes local, national and international. It functions through the interaction of workers and employers. Workers are the suppliers of labour services while employers are the demands of labour services.
How does career comes in here? Every career is associated with a particular labour market based on skills, training, wages, talents and other factors. One tends to choose a career with a promising labour market growth. However, care must be taken here not to overlook a great career just because its labour market is not promising. Get more about labour market HERE.
