/ Dictionary / Index L labor market: Meaning and Definition of Find definitions for: la'bor mar"ket Pronunciation: [key] the available supply of labor considered with reference to the demand for it. Random House Unabridged Dictionary, Copyright © 1997, by Random House, Inc., on Infoplease. Labor-Management Relations Act labor movement Related Content Daily Word Quiz: frugal Analogy of the Day: Today’s Analogy Spelling Bee: Today’s Spelling Bee Frequently Misspelled Words Frequently Mispronounced Words Easily Confused Words Writing & Language