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Longman Dictionary of Contemporary English
labour market
noun
EXAMPLES FROM CORPUS
▪ Age barriers also served to structure the young adults' experience of the labour market.
▪ An analysis of the results should shed light on the workings of the Northern Ireland labour market.
▪ Being in work, nomatterhow poor the conditions, opens up the possibility of recruitment into the primary labour market.
▪ Lone parents have much smaller proportions of household heads in the labour market than two parent families.
▪ Problems would seem to exist on both the supply and demand side of the labour market for designers.
▪ The directive is designed to ease labour market restrictions and strengthen the single market.
Wiktionary
labour market

n. (alternative form of labor market English)