A labour account provides a conceptual framework through which existing labour market data from different sources (business and household) can be confronted and integrated, with the aim of producing a coherent and consistent set of labour market statistics. It can help users make sense of seemingly inconsistent labour related data, which are often based on different reference periods, populations, definitions and methodologies.
The Stats Café aimed to:
- Provide an overview of what labour accounts are; their frameworks and methods; and how they complement existing labour statistics.
- Describe Australia’s experiences in producing a labour account. This will include a brief overview of the frameworks and methods used, benefits of the labour account, and learnings.
- Share Malaysia’s perspective on developing and compiling a labour Account.