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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 Outlook

7 Aug 2020 SMP – August 2020
labour market underutilisation that occurred over this period will take a number of years to unwind. ... The increased slack in the labour market would place downward pressure on wages growth.
https://www.rba.gov.au/publications/smp/2020/aug/economic-outlook.html

Economic Outlook

5 Nov 2020 SMP – November 2020
More generally, measures of labour market underutilisation are expected to remain high throughout the forecast period. ... Participation in the labour market could rise more or less quickly than expected.
https://www.rba.gov.au/publications/smp/2020/nov/economic-outlook.html

Financial Conditions

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

Submissions

8 May 2024 Submissions
Index of Documents commissioned by or prepared for Parliament, its committees, and other public inquiries
https://www.rba.gov.au/publications/submissions/

Economic Outlook

10 Nov 2016 SMP – November 2016
Labour market outcomes over recent months have prompted a downward revision to the forecasts for employment growth. ... This implies that there is likely to be a degree of spare capacity in the labour market for some time.
https://www.rba.gov.au/publications/smp/2016/nov/economic-outlook.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

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

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

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

Box B: Underemployment and Labour Market Spare Capacity

9 Feb 2017 SMP - February 2017 PDF 131KB
https://www.rba.gov.au/publications/smp/2017/feb/pdf/box-b-underemployment-and-labour-market-spare-capacity.pdf