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CPS1499 Hayley Collett



                        Australian Labour Account: A new holistic view of
                                          people and jobs
                                           Hayley Collett
                              Australian Bureau of Statistics, Canberra, Australia

            Abstract
            The Australian Labour Account has been developed to provide a framework
            for integrating labour data from a number of sources (including household
            survey,  business  survey,  and  administrative  data).  The  result  is  consistent
            estimates of key labour market variables, which more effectively enable the
            description and analysis of the state and dynamics of the Australian labour
            market.  These  core  variables  can  help  users  make  sense  of  seemingly
            inconsistent labour related data, which are often based on different reference
            periods, populations, concepts, definitions and methodologies. The purpose
            of the Australian Labour Account is to support macro-economic analysis of
            peoples’ participation in employment and related production over time. Its
            development provides an opportunity to significantly improve the quality of
            aggregates  such  as  the  number  of  jobs  occupied  within  each  industry,
            measures of hours worked, and improved labour productivity estimation. The
            concepts and definitions underlying the Australian Labour Account are built
            on  International  Labour  Organisation  (ILO)  fundamentals,  while  expanding
            them  to  ensure  consistency  with  the  2008  System  of  National  Accounts
            (SNA08).  The  result  provides  a  set  of  core  macro-economic  labour  market
            variables derived through data integration, with both an industry focus and
            time series dimension.

            Keywords
            Employment; industry; productivity; macro-economy

            1. Introduction
               The Australian Labour Account provides a conceptual framework through
            which existing labour market data from different sources can be confronted
            and integrated, with the aim of producing a coherent and consistent set of
            aggregate labour market statistics.
               The Australian Labour Account is macro-economic in scope, building on
            the  International  Labour  Organisation  (ILO)  fundamentals  and  expanding
            them to ensure consistency with the Australian System of National Accounts
            (ASNA). It aims to extend the analytical capacity of national accounts data by
            providing a labour-specific lens. The Australian Labour Account produces a set




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