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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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Statement on Monetary Policy

10 May 2003 Bulletin – May 2003
2.1. (a) Contribution to GDP growth. Source: Thomson Financial Datastream. The weakness in household consumption growth during the March quarter was consistent with some weakening in the labour market. ... Graph 5. The labour market also has remained weak
https://www.rba.gov.au/publications/bulletin/2003/may/1.html

Appendix: Data Sources

1 Mar 1991 RDP 9102
Malcolm Edey and Jill Pleban
Labour force (ABS 6202.0), number employed, monthly, s.a. ANZ job vacancies series is a survey of the number of job advertisements appearing in major newspapers, published monthly by the
https://www.rba.gov.au/publications/rdp/1991/9102/appendix.html
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Read me file for Did Labour Market Concentration Lower Wages Growth Pre-COVID?

28 Feb 2023 RDP PDF 100KB
RDP 2023-02 supplementary information
https://www.rba.gov.au/publications/rdp/2023/2023-02/rdp-2023-02-read-me.pdf

Statement on Monetary Policy

10 Nov 2001 Bulletin – November 2001
The extent to which business caution may affect the labour market is unclear. ... Labour market outcomes will be an important factor affecting household consumption spending, through both income and confidence effects.
https://www.rba.gov.au/publications/bulletin/2001/nov/1.html

The Economy and Financial Markets

10 Feb 1998 Bulletin – February 1998
By year's end, the labour market had improved, such that employment and labour force participation were rising, and unemployment was beginning to decline. ... This was against a background of continuing good inflation outcomes, notwithstanding the
https://www.rba.gov.au/publications/bulletin/1998/feb/1.html

Indicators of Labour Market Conditions in Advanced Economies

21 Jun 2018 Bulletin – June 2018
Alexandra Baker and Meika Ball
Graph 4. The average number of hours worked can also be expected to move with labour market conditions: in tight labour markets, employers may increase hours for those staff seeking additional ... We look at a wide range of alternative labour market
https://www.rba.gov.au/publications/bulletin/2018/jun/indicators-of-labour-market-conditions-in-advanced-economies.html

The Economy and Financial Markets

10 Aug 1998 Bulletin – August 1998
Recent retail sales gains suggest the economy has maintained sufficient momentum to weather the tax increase, and there have been signs of recovery in the labour market. ... The labour market, meanwhile, continues to benefit from the economy's strong
https://www.rba.gov.au/publications/bulletin/1998/aug/1.html

Semi-Annual Statement on Monetary Policy

10 May 1997 Bulletin – May 1997
the 1980s expansion was also characterised by a mid-cycle slowing. Graph 2 shows that labour market measures clearly identify three recessions. ... Forward indicators in the labour market also point to some firming in labour demand.
https://www.rba.gov.au/publications/bulletin/1997/may/1.html

The Model

1 Nov 1990 RDP 9006
Jerome Fahrer
is the nominal wage that clears the market for workers in cohort 1. ... Distortions in either domestic or foreign labour markets will cause β = 1.
https://www.rba.gov.au/publications/rdp/1990/9006/model.html
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Explaining the Flattening Phenomenon

2 Oct 2008 RDP 2008-05
Ken Kuttner and Tim Robinson
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
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