A loose labor market signifies:
A) that employers cannot be selective about who they choose for open positions.
B) applicants may have job offers from many employers.
C) there are more qualified applicants than job openings.
D) both A and B.
E) both B and C.

Question

Quizplus · Accepted Answer

A loose labor market is characterized by a situation where there are more qualified applicants than there are job openings, meaning employers can be more selective in their hiring process.

A Loose Labor Market Signifies