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Tight Labour Market
A market condition characterized by low unemployment and high job vacancies, giving employees more leverage to demand higher wages and better conditions.
Low Unemployment
Low unemployment refers to a condition where a low percentage of the workforce is without work but actively seeking employment, indicating a healthy economy.
High Unemployment
A situation where a large portion of the workforce is not engaged in employment, often measured by the unemployment rate.
Hiring Halls
A place, especially in union contexts, where workers are matched with available jobs, usually on a daily or temporary basis.
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