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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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Economic Conditions

7 May 2024 SMP – May 2024
Economic Conditions | Statement on Monetary Policy – May 2024
https://www.rba.gov.au/publications/smp/2024/may/economic-conditions.html

Overview

6 Feb 2024 SMP – February 2024
Overview | Statement on Monetary Policy – February 2024
https://www.rba.gov.au/publications/smp/2024/feb/overview.html

Box B: Underemployment and Labour Market Spare Capacity

15 Feb 2017 SMP – February 2017
Statement on Monetary Policy – February 2017 Box B: Underemployment and Labour Market Spare Capacity. ... The unemployment rate is the most commonly used measure of spare capacity in the labour market.
https://www.rba.gov.au/publications/smp/2017/feb/box-b-underemployment-and-labour-market-spare-capacity.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

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

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

Box B: Indicators of Labour Market Tightness

5 Nov 2004 SMP PDF 160KB
This box looks at a range of indicators of labour market conditions that take some of these factors into account. ... This measure is close to, but still above its previous cyclical lows, suggesting that the labour market may not currently be quite as
https://www.rba.gov.au/publications/smp/2004/nov/pdf/box-b.pdf

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

Economic Outlook

6 May 2022 SMP – May 2022
ago. Graph 5.6. Labour market conditions improved further in early 2022 and leading indicators suggest this will continue for some time. ... Wages growth is forecast to pick up further as labour market conditions continue to tighten.
https://www.rba.gov.au/publications/smp/2022/may/economic-outlook.html