Labor Mobility
Labor mobility refers to the ability of workers to move between jobs, industries, or geographic locations. This movement can be influenced by various factors, including economic conditions, job availability, and personal circumstances. High labor mobility can lead to a more efficient labor market, as it allows workers to find positions that better match their skills and preferences.
There are two main types of labor mobility: geographic mobility, which involves relocating to a different area for work, and occupational mobility, which refers to changing jobs or industries. Both types can enhance career opportunities and contribute to economic growth by matching talent with demand.