labor market relevance

Labor market relevance refers to how well skills, education, and training match the current needs of employers and the economy. It determines whether workers’ abilities align with available jobs, influencing employment opportunities and wages. When skills are relevant, workers are more likely to find suitable employment and contribute effectively to the economy. Conversely, a lack of relevance can lead to unemployment or underemployment. Ensuring labor market relevance helps individuals gain meaningful employment and supports economic growth by aligning workforce capabilities with industry demands.