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Labour market


2 definitions, 4 child terms

The system of relationships between the supply of people available for employment and available jobs.
Source: NCVER 2013, Australia
A system consisting of employers as buyers and workers as sellers, the purpose of which is to match job vacancies with job applicants and to set wages.
Source: TESDA 2010, Philippines

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 Labour force, Skill needs

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page date 2014-07-24

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