der Arbeitsmarkt
labor market
The entire system of supply and demand for workers in an economy.
Die Digitalisierung verändert den Arbeitsmarkt grundlegend.
Digitalization is fundamentally changing the labor market.

labor market
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labor market
The entire system of supply and demand for workers in an economy.
Die Digitalisierung verändert den Arbeitsmarkt grundlegend.
Digitalization is fundamentally changing the labor market.

'Arbeitsmarkt' (labor market) is a compound noun made up of 'Arbeit' (work) and 'Markt' (market). The 's' in between is a linking element that connects the two words. Literally, it is a 'market for work'.
Auf dem Arbeitsmarkt treffen Angebot und Nachfrage nach Jobs aufeinander.
On the labor market, supply and demand for jobs meet.
In most cases, 'Arbeitsmarkt' (labor market) is used with the preposition 'auf' and the dative to describe the situation or position: 'auf dem Arbeitsmarkt' (on the labor market).
Die Chancen für junge Absolventen auf dem Arbeitsmarkt sind derzeit gut.
The opportunities for young graduates on the labor market are currently good.
Common adjectives are 'angespannt' (tense), 'flexibel' (flexible), or 'lokal' (local). Typical verbs are 'den Arbeitsmarkt analysieren' (to analyze the labor market) or 'auf den Arbeitsmarkt kommen' (to enter the labor market).
Wegen der Krise ist die Lage auf dem deutschen Arbeitsmarkt sehr angespannt.
Because of the crisis, the situation on the German labor market is very tense.
world of work
'der Arbeitsmarkt' and 'die Arbeitswelt' both have to do with jobs and work, but they do not mean the same thing. 'der Arbeitsmarkt' mainly describes how many jobs there are and how many people are looking for work. People often use it when talking about job searching, unemployment, or skilled workers. 'die Arbeitswelt' is broader: it includes everyday working life, working hours, technology, rules, colleagues, and changes in professional life. Learners may confuse the words because both talk about work in general. As a guide: when jobs are being searched for or offered, 'Arbeitsmarkt' fits; when it is about life and work in a profession, 'Arbeitswelt' fits.

Nach der Ausbildung findet Mehmet schnell eine Stelle, weil der Arbeitsmarkt gerade gut ist.
After his training, Mehmet quickly finds a job because the labor market is good right now.
Digitale Geräte verändern die Arbeitswelt in vielen Berufen.
Digital devices are changing the world of work in many professions.