labor market mobility

Labor market mobility refers to the ability of workers to move between jobs, industries, or geographic locations in search of better opportunities. This movement can be upward, leading to higher positions, or lateral, switching roles that offer similar pay or experiences. Mobility is influenced by factors like education, skills, economic conditions, and personal circumstances. High mobility can benefit the economy by matching talent with demand, while low mobility may indicate barriers like unemployment, lack of training, or regional disparities. Ultimately, it reflects how flexible and dynamic a workforce is in adapting to a changing job market.