What is a labour market?
A labour market matches potential employers – the demand for labour – with people who are available for work – the labour supply. Labour markets work at a local, regional, national and international level and show how economies operate.
Careers are generally grouped into similar types, called sectors.
|Sector||Areas of jobs/careers in this sector|
|Retail and commercial enterprise||
|Leisure, travel and tourism||
|Business, administration and law||
|Information and communication technology||
|Health, public services and care||
|Construction planning and the built environment||
|Engineering and manufacturing technologies||
|Art, media and publishing||
Public, private or voluntary?
Sectors can also refer to whether a career or job is in the private, public or voluntary sector.
The private sector refers to privately owned businesses, either by a person or shareholders. Public sector jobs are those in the government or its agencies, while the voluntary sector refers to voluntary organisations (also known as charities) that are generally non-profit making.