Meaning of the word "job market" in English

What does "job market" mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

job market

US /ˈdʒɑːb ˌmɑːr.kɪt/
UK /ˈdʒɑːb ˌmɑːr.kɪt/
"job market" picture

Noun

1.

the area of employment, including the demand for labor and the supply of labor

Example:
The current job market is very competitive.
Many graduates are struggling to find work in the tight job market.
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