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'labor pool' is correct and usable in written English.
You can use it to refer to a group of workers or employees from which employers can draw on for temporary or permanent work. For example: "The company has access to a large labor pool from which to choose potential new hires."
Exact(56)
"There is no labor pool," he said.
This is about a cheap labor pool".
"Central location, great infrastructure, suppliers and labor pool," he said.
With the rural labor pool shrinking, wages are rising.
Because Boeing is nearby, we've got a great labor pool.
It has the labor pool, especially northern New Jersey.
The tight market also affects the labor pool.
It is a diverse labor pool that fills local caddyshacks.
A Long-Term Solution Manufacturers elsewhere are also trying to build a new labor pool.
Everyone else would be poorer, because of competition from a billions-strong labor pool.
Initially, garment manufacture centered on the Lower East Side, where the labor pool was based.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com