labor market equilibrium

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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.
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Labor market equilibrium was the goal for those whose interests lie equally between companies and the people looking for work.
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