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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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Domestic Economic Conditions

10 Feb 2015 SMP – February 2015
Spare capacity in the labour market is evident in a broad range of measures. ... Recent trends in aggregate labour market outcomes have been observed in most states.
https://www.rba.gov.au/publications/smp/2015/feb/dom-eco-cond.html

Economic Outlook

6 May 2021 SMP – May 2021
The GDP and labour market forecasts represent a stronger outlook than presented in the February. ... The baseline scenario implies further reductions in spare capacity in the labour market (and the economy more generally) over the forecast period.
https://www.rba.gov.au/publications/smp/2021/may/economic-outlook.html

Economic Outlook

8 May 2020 SMP – May 2020
labour market and the temporary suspension of requirements to look for work to receive JobSeeker Payments. ... A slower economic recovery would have ongoing adverse consequences for the labour market.
https://www.rba.gov.au/publications/smp/2020/may/economic-outlook.html

International Economic Conditions

7 Aug 2020 SMP – August 2020
Graph 1.4. Labour markets have been severely disrupted everywhere. Officially reported labour market outcomes have varied widely across countries because of differences in policy support, measurement approaches and country-specific ... A: Using Wage
https://www.rba.gov.au/publications/smp/2020/aug/international-economic-conditions.html

Domestic Economic Condition

10 May 2006 SMP – May 2006
Labour market conditions are favourable across all states, and unemployment rates are generally close to the national average (Table 8). ... Survey-based indicators and vacancy data suggest that labour market demand has strengthened recently and that
https://www.rba.gov.au/publications/smp/2006/may/dom-eco-cond.html

Domestic Economic Conditions

4 Feb 2021 SMP – February 2021
Broader indicators of spare capacity in the labour market have reversed much of the increases recorded in mid 2020, but remain elevated. ... The JobKeeper program continued to support household cash flow, as did the recovery in economic activity and the
https://www.rba.gov.au/publications/smp/2021/feb/domestic-economic-conditions.html

Domestic Economic Condition

10 Nov 2006 SMP – November 2006
The recorded slowdown in output growth has coincided with continuing firm conditions in the labour market. ... More recently, spending has been supported by the strong labour market and the tax cuts that took effect in July 2006.
https://www.rba.gov.au/publications/smp/2006/nov/dom-eco-cond.html

The International Environment

4 Feb 2022 SMP – February 2022
outbreaks. The recovery is most progressed in advanced economies, underpinned by strong household balance sheets, a rapid recovery in labour markets, and supportive fiscal and monetary policies. ... Central banks in advanced economies generally expect
https://www.rba.gov.au/publications/smp/2022/feb/the-international-environment.html

Domestic Economic Conditions

7 Feb 2006 SMP – February 2006
Graph 37. Most labour market indicators point to some cooling in recent months. ... Graph 38. Labour market outcomes have been broadly consistent with the pattern of output performance across industries and states (Table 8).
https://www.rba.gov.au/publications/smp/2006/feb/dom-eco-cond.html

Domestic Economic Conditions

10 May 2008 SMP – May 2008
Labour market conditions remained strong in the March quarter with no sign at this stage of slowing in employment growth. ... As discussed in ‘Box B: Regional Economic Performance’, labour market conditions have remained strong across the states.
https://www.rba.gov.au/publications/smp/2008/may/dom-eco-cond.html