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What is the labor market?

The labor market, commonly known as the job market, is the amount of labor an organization or company needs to function and the labor employees and job seekers can provide.

Is the job market a'market'?

Although the job market is referred to as a “market”, there is no physical place where this "exchange of labor" for pay happens. It’s just a concept demonstrating competition and interplay between different labor forces. This market may be also known as "the labor market", as labor is the service being demanded.

How does the job market work?

Employers search for employees and employees search for jobs in the job market. The job market grows or shrinks based on demand for labor and the number of workers in the economy. The job market is directly related to the unemployment rate, a measure of the percentage of people who aren't employed but actively seeking work.

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Risk warning: Digital asset trading is an emerging industry with bright prospects, but it also comes with huge risks as it is a new market. The risk is especially high in leveraged trading since leverage magnifies profits and amplifies risks at the same time. Please make sure you have a thorough understanding of the industry, the leveraged trading models, and the rules of trading before opening a position. Additionally, we strongly recommend that you identify your risk tolerance and only accept the risks you are willing to take. All trading involves risks, so you must be cautious when entering the market.

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