Source: WRAL TECHWIRE, 5/13/21

 Economists refer to the labor market, first and foremost, as a market.  Employers, seeking workers, offer some form of compensation to recruit or retain employees to their firm.  Participants of the workforce vet and select from available positions, for which they are qualified, for which an offer is made. A functioning talent market matches employers needing skilled employees with workers who possess those skills, who are also willing to accept the stated compensation for conducting the work.

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