labor pool

labor pool definition - business

labor pool

The group of workers with applicable skills and knowledge who are available for employment. A rural area is likely to have difficulty recruiting a large manufacturer because of the area's small labor pool.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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