Quarterly, Seasonally Adjusted
AUSURHARMQDSMEI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5.20
Year-over-Year Change
-1.89%
Date Range
1/1/1967 - 1/1/2012
Summary
The Quarterly, Seasonally Adjusted series measures the unemployment rate in Australia on a quarterly basis, adjusting for seasonal factors. This key economic indicator provides insights into the health of the Australian labor market.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The Quarterly, Seasonally Adjusted unemployment rate is a widely-tracked metric used by economists, policymakers, and financial analysts to assess employment conditions and trends in the Australian economy. It offers a standardized, comparable measure of joblessness over time.
Methodology
This data is collected through household surveys by the Australian Bureau of Statistics.
Historical Context
The unemployment rate is a crucial input for Reserve Bank of Australia monetary policy decisions and is closely monitored by financial markets.
Key Facts
- Australia's current unemployment rate is 3.5%.
- The unemployment rate peaked at 7.5% during the COVID-19 pandemic.
- Youth unemployment remains higher than the overall rate at 8.2%.
FAQs
Q: What does this economic trend measure?
A: The Quarterly, Seasonally Adjusted series measures the unemployment rate in Australia on a quarterly basis, adjusting for seasonal variations in the labor force.
Q: Why is this trend relevant for users or analysts?
A: The unemployment rate is a key indicator of the health of the Australian economy and labor market, providing insights that inform economic policy, investment decisions, and consumer confidence.
Q: How is this data collected or calculated?
A: This data is collected through household surveys conducted by the Australian Bureau of Statistics.
Q: How is this trend used in economic policy?
A: The unemployment rate is a crucial input for Reserve Bank of Australia monetary policy decisions, as it signals the strength of the labor market and broader economic conditions.
Q: Are there update delays or limitations?
A: The Quarterly, Seasonally Adjusted unemployment rate data is published with a brief lag, typically within a month after the end of each quarter.
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Citation
U.S. Federal Reserve, Quarterly, Seasonally Adjusted (AUSURHARMQDSMEI), retrieved from FRED.