17:12
Zeeshan Ahmad Khan
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| unemployment in united states http://youthcm.com |
Youth Career Management (YCM) reports that: On the job market, employers and those who work meet. The employers (buyers) are looking for employees who want to work with them. A job is an example of a concrete market. A concrete market is a place where demanding and suppliers of a given product meet.
An abstract market comprises the whole supply and demand without there being a place where buyers (buyers) and suppliers (sellers) meet. The supply and demand determine the price.
On the labor market labor demand and supply together.
This will determine how many people actually work. This number is the employment.
The job consists of employed persons.
Work Years are the number of hours you work per week. Full courses are now 38uur per week.
The highest of the wage is dependent on the extent to which supply and demand match.
If labor demand exceeds the supply we speak of tight labor market. Wages will rise. When demand is less than the offer we speak of broad labor market. The wages will fall.
There are not one but different labor market segments. Markets are a market for teachers or plumbers etc. This is a separate profession.
