Job market is not a physical place, where employees are looking for job and employers are looking for employees for work. Kind of demand and supply system. It is also called labour market.
The growth and decline of labour market is depended on the demand of labour and the availability to maintain the supply of labour in the economy. Job market is one of the most important factor or component for any economy. It is directly tired with the demand and supply of goods and services.
UNEMPLOYMENT AND LABOUR MARKET
The labour market and unemployment both need help of each other. The more unemployment means more growth in job market, the lesser the unemployment means lesser the growth of job market.
At the time of interview the interviewer will look upon your skills, communication abilities, inter and inter personal skills, logical reasoning and the most common the gesture. They will choose the best among all which make the unemployment rate to move down and the job market become more narrow, it will create more competition.
In the time of Deflation and stagnation ( little or no growth in economy) the rate of unemployment are at zenith, as decreas in money supply means less spending, no demand decrease the supply segment, owner or the occupiers will fired the workers and employees because of less income.
Having a huge job market revals that the rate of unemployment is more. Countries like : india, china, Pakistan, Malaysia, Bangladesh and UAE had a big unemployment market.
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