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Indicators of Labour Demand

Author

Listed:
  • Kim Edwards

    (Reserve Bank of Australia)

  • Linus Gustafsson

    (Reserve Bank of Australia)

Abstract

There are several indicators of labour demand that can be used to assess labour market conditions and as inputs into forecasts of employment growth. These include measures of job vacancies, job advertisements and business surveys of employment intentions. Over the past year, there have been pronounced declines in a number of these indicators and employment growth has been somewhat subdued. This article suggests that as well as being a source of information on current labour market conditions, these indicators provide some leading information on employment growth, although the forecasting performance of models including these indicators is only slightly better than that of a simple benchmark model.

Suggested Citation

  • Kim Edwards & Linus Gustafsson, 2013. "Indicators of Labour Demand," RBA Bulletin (Print copy discontinued), Reserve Bank of Australia, pages 1-12, September.
    • Handle: RePEc:rba:rbabul:sep2013-01
    as

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    File URL: https://www.rba.gov.au/publications/bulletin/2013/sep/pdf/bu-0913-1.pdf
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    References listed on IDEAS

    as
    1. Anna Park, 2011. "Business Surveys and Economic Activity," RBA Bulletin (Print copy discontinued), Reserve Bank of Australia, pages 13-21, December.
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    Cited by:

    1. Anda DAVID & Gibson MUDIRIZA & Joanna GROTTE & Ariane DE LANNOY & Murray LEIBBRANDT, 2023. "Developing a Youth Labour Market Index for South Africa at the sub-national level," Working Paper ba3e7ae3-f112-470b-baa9-9, Agence française de développement.
    2. David Evans & Claire Mason & Haohui Chen & Andrew Reeson, 2023. "An algorithm for predicting job vacancies using online job postings in Australia," Palgrave Communications, Palgrave Macmillan, vol. 10(1), pages 1-9, December.

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