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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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Unemployment and Spare Capacity in the Labour Market

18 Sep 2014 Bulletin – September 2014
Alexander Ballantyne, Daniel De Voss and David Jacobs
The unemployment rate provides an important gauge of spare capacity in the labour market and the economy more generally. However, other factors also affect unemployment, which complicates its interpretation when informing monetary policy.
https://www.rba.gov.au/publications/bulletin/2014/sep/2.html

Underemployment in the Australian Labour Market

17 Jun 2021 Bulletin – June 2021
Mark Chambers, Blair Chapman and Eleanor Rogerson
Underemployment in Australia has been moving higher for several decades.
https://www.rba.gov.au/publications/bulletin/2021/jun/underemployment-in-the-australian-labour-market.html

Domestic Economic Conditions

5 Aug 2022 SMP – August 2022
The labour market is tight and full-time employment growth has been strong. ... Graph 2.3. The labour market has continued to tighten in recent months amid strong labour demand.
https://www.rba.gov.au/publications/smp/2022/aug/domestic-economic-conditions.html

Economic Outlook

5 Aug 2022 SMP – August 2022
required and the labour market adjustment occurring mainly through a reduction in hours worked. ... Wages growth is expected to pick up further as labour market conditions continue to tighten.
https://www.rba.gov.au/publications/smp/2022/aug/economic-outlook.html

Overview

7 May 2024 SMP – May 2024
Overview | Statement on Monetary Policy – May 2024
https://www.rba.gov.au/publications/smp/2024/may/overview.html

Economic Outlook

10 Nov 2023 SMP – November 2023
Economic Outlook | Statement on Monetary Policy – November 2023
https://www.rba.gov.au/publications/smp/2023/nov/economic-outlook.html

Statement on Monetary Policy

10 Nov 2004 Bulletin – November 2004
https://www.rba.gov.au/publications/bulletin/2004/nov/1.html

Domestic Economic Conditions

10 Nov 2023 SMP – November 2023
Domestic Economic Conditions | Statement on Monetary Policy – November 2023
https://www.rba.gov.au/publications/smp/2023/nov/domestic-economic-conditions.html

Box A: Using Wage Subsidies to Support Labour Markets Through the COVID-19 Shock

7 Aug 2020 SMP – August 2020
Statement on Monetary Policy – August 2020 Box A: Using Wage Subsidies to Support Labour Markets Through the COVID-19 Shock. ... Policies to Support Workers' Income and Promote a Speedy Labour Market Recovery’, Economic Outlook, 2020(1).
https://www.rba.gov.au/publications/smp/2020/aug/box-a-using-wage-subsidies-to-support-labour-markets-through-the-covid-19-shock.html

Domestic Economic Conditions

4 Nov 2022 SMP – November 2022
The labour market remains tight. The employment-to-population ratio and the participation rate are near record highs (Graph 2.1). ... Graph 2.1. Spare capacity in the labour market is at multi-decade lows.
https://www.rba.gov.au/publications/smp/2022/nov/domestic-economic-conditions.html