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4 child terms
The system of relationships between the supply of people available for employment and available jobs.
Source: NCVER 2013, Australia
A system consisting of employers as buyers and workers as sellers, the purpose of which is to match job vacancies with job applicants and to set wages.
Source: TESDA 2010, Philippines
Active labour-market policy
Government programmes that intervene in the labor market to help the unemployed find work usually grew out of earlier public works projects designed to combat widespread unemployment in the developed world during the interwar period.
Source: Wahba 2013, Global
Labour market information (LMI)
Any information concerning the size and composition of the labour market or any part of the labour market; the way it or any part of it functions, its problems, the opportunities which may be available to it, and the employment-related intentions or aspirations of those who are part of it.
Source: ILO 2001, Global
LMI is variously defined as:
* Data about the workplace, including employment rates and salary information;
* Any information about the structure and working of a labour market and any factors likely to influence the structure and working of taht market, including jobs available, people available to do those jobs, the mechanisms that match the two, changes in the external and internal business environements; and
* essentially data, statistics and research about the workplace including things like unemployment rates, salary, demand for, and supply of, labour.
In the context of LMI for Information, Advice and Guidance (IAG), a distinction has been made between labour market information and labour market intelligence, where labour market information refers to raw quantitative or qualitative data found in original sources such as tables, spreadsheets, graphs and charts, with labour market intelligence relating to an interpretation of raw data, referring to subsets of information that has been subjected to further analysis.
Source: Warwick IER 2008, UK
(Labour market information systems) Systems, mechanisms or processes for gathering, organising, providing and analysing information about the state of the labour market, occupations and jobs, including key changes taking place within the employment, jobs and the occupations.
Source: EU commission (Skills panorama) 2015, Europe
Labour market programme
A programme designed to increase the number of people in employment or to improve the employment prospects of a target group, e.g. by the payment of subsidies to businesses who take on long-term unemployed people, young people, etc.
Source: Wahba 2013, Global
Labour market scarring
Labour market scarring occurs when there is a negative or zero return to some form of participation in the labor market - either unemployment or a certian type of employment.
Source: World Bank (Social protection and labour) 2015, Indonesia