Definition
The overall supply of workers and demand for them: how easy it is to find a job, and how hard it is to fill one.
The story
A "tight" labor market means employers struggle to hire and wages tend to rise; a "loose" one means jobs are harder to find. Job openings for September, reported Nov 3, 2026, came in at 7.52 million, above forecasts, with 1.06 openings for every unemployed person, per Reuters.
Why markets watch it
The labor market is half of the Fed's mandate, so every jobs report is read for what it means for rates.
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We explain why it moves markets. What you do with it is your call. Commentary and education only. Not financial advice. All terms