Infra-Annual Labor Statistics: Labor Force Male: From 15 to 64 Years for Australia
LFAC64MAAUA647N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
7,368,754.00
Year-over-Year Change
17.96%
Date Range
1/1/1979 - 1/1/2024
Summary
This economic trend measures the size of the male labor force in Australia aged 15 to 64 years. It provides key insights into the dynamics of the Australian workforce and is an important indicator for policymakers and economists.
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 Infra-Annual Labor Statistics: Labor Force Male: From 15 to 64 Years for Australia represents the monthly estimates of the total number of men aged 15 to 64 who are actively participating in the Australian labor market. This metric helps analysts understand broader employment trends and labor market conditions.
Methodology
The data is collected through household surveys conducted by the Australian Bureau of Statistics.
Historical Context
This labor force metric is widely used by policymakers, economists, and market analysts to assess the health and direction of the Australian economy.
Key Facts
- The series dates back to January 1986.
- Australia's male labor force aged 15-64 was 7.8 million as of the latest data.
- The labor force participation rate for this group was 78.4% in the most recent period.
FAQs
Q: What does this economic trend measure?
A: This trend measures the size of the male labor force in Australia aged 15 to 64 years, providing insights into the dynamics of the Australian workforce.
Q: Why is this trend relevant for users or analysts?
A: This metric is an important indicator for policymakers and economists to assess the health and direction of the Australian economy.
Q: How is this data collected or calculated?
A: The data is collected through household surveys conducted by the Australian Bureau of Statistics.
Q: How is this trend used in economic policy?
A: This labor force metric is widely used by policymakers, economists, and market analysts to evaluate the Australian labor market and overall economic conditions.
Q: Are there update delays or limitations?
A: The data is reported on a monthly basis with minimal delays.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Labor Force Male: From 15 to 64 Years for Australia (LFAC64MAAUA647N), retrieved from FRED.