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RBA Glossary definition for labour market

labour market – A collective term for employment, unemployment, participation rates and wages.

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Opening Statement to the House ofRepresentatives Standing Committee on Economics

6 Aug 2021 Speech PDF 156KB
But it is in the labour market where the recovery has been mostremarkable. ... Some increase in the unemployment rate is also expected over the months ahead,although most of the adjustment in the labour market is likely to be through declines in
https://www.rba.gov.au/speeches/2021/pdf/sp-gov-2021-08-06.pdf

Some Features of the Australian Fixed Income Market

7 Jun 2018 Speech PDF 548KB
Bycontrast, there remains spare capacity in the Australian labour market – notwithstanding strongemployment growth over the past year – inflation is expected to rise gradually towards the ReserveBank's target, and market pricing ... Issuance in many
https://www.rba.gov.au/speeches/2018/pdf/sp-ag-2018-06-06.pdf

Inflation and Monetary Policy

21 Jun 2022 Speech PDF 398KB
services. This is particularly evident in the labour market, with many firmsreporting that the availability of labour is a significant constraint on their ability to operate and/orexpand (Graph 5). ... labour market.
https://www.rba.gov.au/speeches/2022/pdf/sp-gov-2022-06-21.pdf

Policymaking at the Reserve Bank

18 Oct 2022 Speech PDF 489KB
Speech - 2022
https://www.rba.gov.au/speeches/2022/pdf/sp-dg-2022-10-18.pdf

Speech Remarks to FINSIA Forum Philip Lowe Governor Webinar: ...

21 May 2020 Speech PDF 105KB
The labour market data that post-date April's Labour Force Survey suggest a further decline in hours worked in May, although thedecline does not look to be as large as ... The yield on 3-year bonds has settled at the target and thegovernment bond markets
https://www.rba.gov.au/speeches/2020/pdf/sp-gov-2020-05-21.pdf

On Lags

21 Aug 2018 Speech PDF 227KB
More recently, the end of the mining investment boom in 2013 induced a period of slower growthand softer labour market conditions. ... It is possible that there are limits to the efficiency of the labour market's ability to dothat matching.
https://www.rba.gov.au/speeches/2018/pdf/sp-ag-2018-08-17.pdf

Speech Remarks to A50 Dinner Philip Lowe Governor A50 ...

8 Feb 2018 Speech PDF 140KB
Particularly noteworthy has been the labour market, with employment increasing by 3 per centover the past year. ... Through our liaison with business we hear some reports of wage pressuresemerging in pockets where labour markets are tight.
https://www.rba.gov.au/speeches/2018/pdf/sp-gov-2018-02-08.pdf

Some Challenges for the Future

18 Mar 2010 Speech PDF 75KB
The second area is labour market flexibility. Over the past year, the unemployment rate rose by considerably less than was expected. ... While this was partly the result of the surprising strength in the economy, it also highlighted the increased
https://www.rba.gov.au/speeches/2010/pdf/sp-ag-100310.pdf

Opening Statement to the House of Representatives Standing Committee on Economics

9 May 2022 Speech PDF 197KB
Turning now to the labour market, we are expecting the unemployment rate to hold steady for awhile at around its current level of just over 5 per cent before declining to ... So we arecontinuing to watch the labour market carefully, as we seek to strike
https://www.rba.gov.au/speeches/2020/pdf/sp-gov-2020-02-07.pdf

Opening Statement to the House of Representatives Standing Committee on Economics

8 Mar 2021 Speech PDF 141KB
2019. The effects of this loss ofoutput and income are all too obvious in the labour market. ... As the Deputy Governor outlined in a speech last week, the movement in market prices in responseto this package was broadly as we expected.
https://www.rba.gov.au/speeches/2020/pdf/sp-gov-2020-12-02.pdf