tight labor market meaning in Chinese

n. 供不应求的劳动力市场

annual billable hours for staff, which has been low ever since the tight labor market emerged in 2000, had increased slightly each year since 2004
员工的年度计费工作时间，在经历了始于2000年的劳动力市场短缺所导致的减少之后，从2004年起略有增加。
as long as businesses maintain employment, and wages continue to rise, reflecting tight labor markets, rising personal income will outweigh the negative impacts of declining home prices, declines in mortgage refinancing, and even the recent increase in energy prices, on consumption
只要企业保持雇佣，工资继续增长，其反映了紧缺的劳动市场，则增长的个人收入就将超过房价下跌的负面影响，超过抵押贷款再融资减少对消费的影响，即使最近能源价格上涨。