job market UK /ˈd͡ʒɒb ˌmɑːkɪt/US /ˈd͡ʒɑb ˌmɑɹkɪt/ noun1 •A market in which employers seek out potential employees and employees search for prospective jobs.America’s job market continues to expand despite elevated interest rates maintained by the Federal Reserve (Fed). — 2024 formsjob markets