Which is generally true about supply and demand in the labor market?

In the labor market, supply refers to the number of workers willing and able to work at various wage levels, while demand refers to the number of jobs employers are willing to offer at those wage levels. Generally, when demand for labor exceeds supply, wages tend to rise as employers compete for workers. Conversely, when supply exceeds demand, wages may stagnate or decrease. This dynamic helps to balance the labor market over time, influencing employment rates and overall economic conditions.