Search: labour market
RBA Glossary definition for labour market
labour market – A collective term for employment, unemployment, participation rates and wages.
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Explaining the Flattening Phenomenon
2 Oct 2008
RDP
2008-05
account for the shift in labour's share of income that has occurred in the United States. ... Similarly, Borio and Filardo argue that increased openness of labour markets should attenuate the inflationary effects of output fluctuations.
https://www.rba.gov.au/publications/rdp/2008/2008-05/expl-flat.html