What are the pros and cons of free labor markets?

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You are required to write a thread in response to the provided prompt for each forum. Each thread must be at least 300 words and demonstrate course-related knowledge. Each thread must include 2 citations from scholarly/peer-reviewed sources in addition to the text and relevant scriptural integration, all in current APA format.
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Loosely Regulated Markets and Government Regulation:

The United States has one of the world’s freest labor markets. For this thread, explore the AFL-CIO’s Job Tracker database to see some of the aspects of loosely regulated markets. What type of market exists in your local area? What are the pros and cons of free labor markets? Based on your reading and analysis, is there a need for government regulation?

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