Inter-Industry Labor Mobility

Inter-industry labor mobility refers to the ability of workers to move between different industries or sectors of the economy. This means that a person who may have worked in one industry—like manufacturing—can transition to another, such as healthcare or technology. Factors that influence this mobility include transferable skills, availability of jobs in other industries, and economic conditions. High inter-industry mobility can strengthen the economy by allowing talent to adapt to changing demands, helping reduce unemployment in struggling sectors while filling roles in growing ones.