Labor market means a place where individuals exchange their labor for compensation. Labor markets are identified and defined by a combination of the following factors --
Labor market means the availability of employment within an area not to exceed a fifty (50) mile radius of the injured employee’s customary residence.
Labor market means the geographic area in which workers in your particular occupation or with your particular set of skills have customarily found work. For the purpose of determining whether you are a dislocated worker, "labor mar- ket" is based on your place of residence at the time you sepa- rated from employment. You will not be considered a dislo- cated worker if, following your separation from work, you move from a labor market area where your skills are in demand to an area where they are declining.
Examples of Labor market in a sentence
Payment shall not be approved for child-care during training in the following circumstances: ● Labor market statistics for a local area indicate low employment potential for workers with that training.
Labor market returns to an early childhood stimulation intervention in Jamaica.
Labor market and occupational information will be researched or provided.
Labor market trends and needs: Review the labor market data on the California Employment Development Department website for jobs related to your program.
Individual career and employment consulting.2. Employment readiness training.3. Occupational skill development.4. Basic skills development.5. Individual income and support services.6. Business employment consulting.7. Employment networking and placement.8. Labor market information services.
More Definitions of Labor market
Labor market or "Labor market area" means a geographical area from which an agency may reasonably recruit or expect to recruit an employee for hire, promotion or transfer.
Labor market as used in this part, means a place where individuals exchange their labor for compensation. Labor markets are identified and defined by a combination of the following factors--
Labor market means an area not to exceed a 50 mile radius of the injured employee's customary vicinity.
Labor market means an area not to exceed a 50 mile radius of the injured employee’s customary vicinity.
Labor market means an economically integrated geographic area within which individuals can reside and find employment within a reasonable distance or can readily change employment without changing their place of residence.
Labor market means an area not to exceed a fifty
Labor market means the place where the commodity "labor" is exchanged for remuneration. One of the characteristic features of the labor market is the process of formation or production of human capital (Dulevski, Stefanov, Atanasova, Paunov and Maleshkov 2016). This is also a market in which strikes and protests are observed by a large number of people in case their rights are violated. Another feature of the LM is the more frequent violation of the balance between supply and demand of labor, as well as the duration of the transaction. In general, LM can be defined as a meeting of labor supply and demand. This market is also considered as a set of rules, regulations, institutio ns, as well as the emerging relations between the representatives of supply and demand. This is the most popular market and it solves basic and vital problems of people. Considering the nature of the goods on the current labor markets, only the possibility remains undisputed - the sale of the service, against which an agreed price is received - salary. The labor market is also the only market in which only a transaction related to the purchase and sale of labor services is possible. There is no other market in the economy for which so many legislative acts and regulations regarding the conclusion of a deal have been adopted.According to Dulevski, this market is extremely important, as it has extremely strong social aspects, a sense of justice, a sense of realization and, of course, a very strong sense among people of feeling underappreciated for what they offer in this market. Sotirova and Dimitrov (2016) believe that the most popular understanding of economists about the market is that of a mechanism, a tool, and when adopted and approved as a rule, a norm of behavior, it is treated as an institution through which its participants, led by their interests, seek to maximize their benefits by mutually agreed rules. Theprice of labor is seen as a market, monetary assessment, which forms the income of the owners of this factor of production or resource that is "labor", in contrast to the prevailing national tradition and practice view of wages as a sum of costs incurred by the employer for the use of labor.