Open AccessAustralian labour account: Linking production to people and jobs
Author(s) -
Michael Smedes,
Jennifer Humphrys
Publication year - 2020
Publication title -
statistical journal of the iaos
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.286
H-Index - 16
eISSN - 1875-9254
pISSN - 1874-7655
DOI - 10.3233/sji-200684
Subject(s) - production (economics) , productivity , labour economics , quality (philosophy) , economics , macro , macro level , business , economic growth , economic system , macroeconomics , philosophy , epistemology , computer science , programming language
This paper describes how the Australian Labour Account supports macro-economic analysis of peoples’ participation in employment and related production over time. Development of Labour Accounts have provided an opportunity to significantly improve the quality of aggregates such as the number of jobs occupied within each industry, measures of hours worked, and labour productivity growth. Finally, it provides an opportunity to further emphasise the household experience within the system of economic accounts, linking from production activities to important demographic and socio-economic issues.