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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

6 Feb 2024 SMP – February 2024
Economic Conditions | Statement on Monetary Policy – February 2024
https://www.rba.gov.au/publications/smp/2024/feb/economic-conditions.html

In Depth – Full Employment

6 Feb 2024 SMP – February 2024
In Depth – Full Employment | Statement on Monetary Policy – February 2024
https://www.rba.gov.au/publications/smp/2024/feb/in-depth-full-employment.html

In Brief: Statement on Monetary Policy – February 2024

6 Feb 2024 SMP
Labour market conditions are easing but are still tight relative to full employment. ... Labour market conditions are expected to continue to ease, to be broadly consistent with sustained full employment and inflation at target, on the assumption that
https://www.rba.gov.au/publications/smp/2024/feb/

Outlook

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

Domestic Economic Conditions

10 Feb 2023 SMP – February 2023
Even so, the labour market remains tight and many firms continue to find it challenging to hire workers. ... Graph 2.5. Spare capacity in the labour market is at multi-decade lows.
https://www.rba.gov.au/publications/smp/2023/feb/domestic-economic-conditions.html

Box B: Lags from Activity to the Labour Market

10 May 2014 SMP – May 2014
Statement on Monetary Policy – May 2014 Box B: Lags from Activity to the Labour Market. ... the labour market series are lagged by between one and three quarters (Graph B2).
https://www.rba.gov.au/publications/smp/2014/may/box-b.html

Box C: Spare Capacity in the Labour Market

10 Nov 2010 SMP – November 2010
Statement on Monetary Policy – November 2010 Box C: Spare Capacity in the Labour Market. ... labour market conditions were quite tight and some employers had difficulties filling vacant positions.
https://www.rba.gov.au/publications/smp/2010/nov/box-c.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

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