An important function of the labor market is to allocate labor to its efficient use. This is not easy. On the demand side of the market, the demand for labor by employers is in a constant fluid state. Some employers are growing rapidly and need many additional employees, while others are laying off workers because of declining sales. The supply side of the labor market is also in a state of change. Each year over one-and-a-half million people enter the labor force looking for work and several million people who are already employed change jobs. Given the great demand of labor in each industry with their occupations and geographic area and the great supply of labor in terms of education, skill, job preference and desired geographic location how does the labor market efficiently match the job opening that the employers and the employees are seeking in work?
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