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Labour market is a market for buying and selling labour services. Labour market exists in a situation where there are people who look for workers to employ and where there are people who look for jobs to do.
It is in this lucid manner that this book will teach you labour market.
It clearly explains labour force. It analyzes the efficiency of labour. It throws light on the factors that influence the efficiency of labour.
It examines the mobility of labour. It sheds light on the factors that influence the geographical and occupational types of mobility of labour.
It discusses the factors that determine the supply of labour, the total number of people available for employment.
It appraises the factors that determine the demand for labour, the quantity of labour that an employer is willing and able to hire or employ at a particular wage rate and time.
It clearly explains the reasons why there are differences in wages, the money paid per hour, day or week for work done.
It explores unemployment. It analyzes the types of unemployment. It appraises the causes of unemployment. It throws light on what the government has done to reduce the high level of unemployment in the country.