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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

4 Aug 2023 SMP – August 2023
Domestic Economic Conditions | Statement on Monetary Policy – August 2023
https://www.rba.gov.au/publications/smp/2023/aug/domestic-economic-conditions.html

Domestic Economic Conditions

6 May 2022 SMP – May 2022
The underlying strength in the economy has been particularly evident in the labour market, where conditions are the most robust in many years. ... hospitality). There are also signs that wages growth is picking up in response to this tightening in labour
https://www.rba.gov.au/publications/smp/2022/may/domestic-economic-conditions.html

Domestic Economic Conditions

5 Nov 2021 SMP – November 2021
Graph 2.3. There were large disruptions to the labour market in recent months. ... Graph 2.6. Forward-looking indicators of labour demand point to a strong recovery in the labour market over coming months (Graph 2.7).
https://www.rba.gov.au/publications/smp/2021/nov/domestic-economic-conditions.html

The International Environment

4 Aug 2023 SMP – August 2023
The International Environment | Statement on Monetary Policy – August 2023
https://www.rba.gov.au/publications/smp/2023/aug/the-international-environment.html

The International Environment

10 Nov 2023 SMP – November 2023
The International Environment | Statement on Monetary Policy – November 2023
https://www.rba.gov.au/publications/smp/2023/nov/the-international-environment.html

Economic Outlook

4 Feb 2022 SMP – February 2022
Statement. , reflecting the upgrade to the labour market forecasts and further absorption of spare capacity. ... increases in hours worked rather than headcount) or if labour market participation increases by more than forecast.
https://www.rba.gov.au/publications/smp/2022/feb/economic-outlook.html

In Depth – Potential Output

7 May 2024 SMP – May 2024
In Depth – Potential Output | Statement on Monetary Policy – May 2024
https://www.rba.gov.au/publications/smp/2024/may/in-depth-potential-output.html

Domestic Economic Conditions

6 Aug 2021 SMP – August 2021
The recent lockdowns in several states will weigh heavily on activity and the labour market in the September quarter. ... Statement. Other indicators also point to a further reduction in labour market spare capacity.
https://www.rba.gov.au/publications/smp/2021/aug/domestic-economic-conditions.html

Domestic Economic Conditions

5 May 2023 SMP – May 2023
Domestic Economic Conditions | Statement on Monetary Policy – May 2023
https://www.rba.gov.au/publications/smp/2023/may/domestic-economic-conditions.html

Domestic Economic Conditions

4 Feb 2022 SMP – February 2022
Leading indicators of labour demand suggest that underlying labour market conditions remain strong. ... It also reflects labour market adjustments to the uneven effects of the pandemic on labour demand.
https://www.rba.gov.au/publications/smp/2022/feb/domestic-economic-conditions.html