Usually means: Supply and demand for workers.
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We found 10 dictionaries that define the word labour market:

General (8 matching dictionaries)
  1. labour market: Longman Dictionary of Contemporary English
  2. labour market: Collins English Dictionary
  3. labour-market: Wordnik
  4. labour market: Cambridge Advanced Learner's Dictionary
  5. labour market: Wiktionary
  6. Labour market: Wikipedia, the Free Encyclopedia
  7. labour market: TheFreeDictionary.com

Computing (1 matching dictionary)
  1. Labour market: Encyclopedia

Science (1 matching dictionary)
  1. Environmental Terminology Discovery Service (No longer online)

Definitions from Wiktionary (Labour market)

noun:  Alternative form of labor market [(economics) The market consisting of the supply of unemployed workers in relation to the demand for them.]

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