{"id":11849,"date":"2022-04-05T03:13:07","date_gmt":"2022-04-05T03:13:07","guid":{"rendered":"https:\/\/explorecareers.emotedigital.com.au\/?p=11849"},"modified":"2024-01-22T12:47:29","modified_gmt":"2024-01-22T01:47:29","slug":"what-is-the-labour-market-how-can-it-help-your-career-decisions","status":"publish","type":"post","link":"https:\/\/explorecareers.com.au\/what-is-the-labour-market-how-can-it-help-your-career-decisions\/","title":{"rendered":"What is the Labour Market & How Can it Help Your Career Decisions?"},"content":{"rendered":"

As soon as you start delving into the world of careers education, advice, guidance and options you might start hearing a term crop up; the Labour Market<\/strong><\/p>\n

Sounds fancy, right? But what does it actually mean and why does it matter when making career decisions?<\/p>\n

Let\u2019s find out!<\/p>\n

What is the Labour Market?<\/strong><\/h4>\n

Great question! Here\u2019s a short definition<\/a>:<\/p>\n

\u201cWhen you talk about the labour market, you are referring to all the people who are able to work and want jobs in a country or area, in relation to the number of jobs there are available in that country or area.\u201d<\/em><\/p>\n

Within every community, regional area or city, information is collated around the types of jobs that are available, the industries supplying them as well as potential upcoming opportunities. For example, if a new shopping centre is set to open in the next year, there will be lots of new opportunities for jobs, boosting the labour market around retail, hospitality and concierge roles.\u00a0<\/em><\/p>\n

The Labour Market can provide us with information about:<\/p>\n