The job market is a is the market in which employers always looking for employees and job seekers looking forward to search for a job. Job market is not physical such as stock exchange market, it is concept demonstrating of the competition and create bonds within different labor unions and forces. It is also called labor market to search job. fratres can help you to search for millions of jobs around the world with the largest job providing opportunities for you. submit your cv to get latest updates for you.

The job market is same as the normal market, it can expand its arms by adding new items i.e employers and can shrink according to requirements. The market expansion and shrinks depends on the available supply of employees in the market within the overall economy. There are some other factors that also impacts on the market such as needs of market, the requirements for a specific educational degree and required functionality and specifications for the job. The job market is a significant and important functions and component of the economy and directly tied in with the demand for goods and services. The employment number is always released on the specific date in every month.

The job market and how it is related to unemployment rate

The job market is obviously related to the unemployment rate. The employment rate and unemployment rate is the percentage of people in the labor force who are not currently employed but actively seeking a job. The higher the unemployment rate, the greater the supply of labor in the overall market of job.

When the companies have a larger and intensive application options to choose from, they can pick up the one they like and force down the salary packages and wages. Apparently, whenever the unemployment rate falls down, companies have to forced to compete more heavily and eagerly for available networks and gain more employees.

During difficult economic times, unemployment tends to rise as employers may reduce their staffing numbers and create fewer new jobs, making it harder for people trying to find work which needs for job seekers to find different techniques to search for a job. High rates of unemployment can prolong economic stagnation—a sustained period of little-to-no growth in an economy—and contribute to social upheaval, leading to the loss of opportunities for many individuals to live comfortably.

A report called the present Population Survey can measure the state of the work market. It's a statistical survey performed every month by the U.S. Bureau of Labor Statistics. The study includes a representative sample of about 60,000 homes to try and determine the unemployment rate of specific regions, earnings of those surveyed, hours the respondents worked, and many other demographic factors.

Key factors for job market

• Employers search for employees and employees search for jobs in the job market.
• The job market grows or shrinks based on demand for labor and the number of workers in the economy.
• The job market is directly related to the unemployment rate—a measure of the percentage of people who aren't employed but actively seeking work.