Job Market Analysis is the process of examining the demand and supply of jobs within a specific industry or region. It involves collecting data on employment trends, salary ranges, and the skills required for various positions. This analysis helps employers understand the competitive landscape and enables job seekers to identify opportunities that match their qualifications. By assessing factors such as unemployment rates, job growth projections, and industry trends, stakeholders can make informed decisions. For instance, businesses can tailor their hiring strategies, while individuals can focus on developing skills that are in high demand, ultimately leading to a more efficient job market.