What does 'job market saturation' mean?

Job market saturation refers to a situation where the supply of skilled workers exceeds demand. This scenario often occurs when there are more qualified candidates available for jobs than there are positions to fill, leading to increased competition among job seekers. When the market is saturated, it can be more challenging for individuals to secure employment, as employers have a larger pool of candidates from which to choose. Thus, the concept is closely connected to dynamics of supply and demand in the labor market. As a result, the term encapsulates the challenges faced by job seekers during periods of excess supply in relation to available job opportunities. On the other hand, the other options describe situations that are not indicative of saturation, such as having shortages or increased job openings.