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Discover Ludwig"labour market" is correct and usable in written English.
You can use it when referring to the working environment and the availability of workers to various employers. For example, "The labour market remains highly competitive for qualified candidates."
Dictionary
labour market
noun
Alternative form of labor market
Exact(60)
Labour market.
The labour market?
Labour market reform?
Second, labour market reform.
And the labour market has tightened.
BRITAIN'S labour market remains surprisingly robust.
AMERICA'S labour market boomed in 2014.
The labour market continues to tighten.
And the labour market seems dangerously tight.
Yes, the labour market is turbulent.
Italy's labour market is notoriously sticky.
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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