Infra-Annual Labor Statistics: Labor Force Total: From 15 to 64 Years for Australia
LFAC64TTAUM647S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
14,506,270.00
Year-over-Year Change
2.48%
Date Range
2/1/1978 - 6/1/2025
Summary
The 'Infra-Annual Labor Statistics: Labor Force Total: From 15 to 64 Years for Australia' trend measures the size of Australia's labor force between the ages of 15 and 64. This metric is crucial for economists and policymakers to assess the country's workforce capacity and potential for economic growth.
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
This trend represents the total labor force, which includes both employed and unemployed individuals, aged 15 to 64 in Australia. It is a key indicator of the available human capital and is used to analyze labor market dynamics, workforce participation, and economic performance.
Methodology
The data is collected through household surveys conducted by the Australian Bureau of Statistics.
Historical Context
This trend is widely used by policymakers, economists, and market analysts to inform economic and labor market policies in Australia.
Key Facts
- Australia's labor force between 15-64 years old totaled 13.3 million in 2022.
- The labor force participation rate for this age group was 77.3% in 2022.
- Women make up 47.2% of the 15-64 years labor force in Australia.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total labor force in Australia for individuals aged 15 to 64 years old, including both employed and unemployed individuals.
Q: Why is this trend relevant for users or analysts?
A: This trend is crucial for economists and policymakers to assess the size and composition of Australia's working-age population, which is a key indicator of the country's economic capacity and potential for growth.
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 trend is widely used by policymakers, economists, and market analysts to inform economic and labor market policies in Australia, such as workforce development, employment initiatives, and macroeconomic planning.
Q: Are there update delays or limitations?
A: The data is updated on a regular basis, with a typical delay of a few months between the reference period and the data release.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Labor Force Total: From 15 to 64 Years for Australia (LFAC64TTAUM647S), retrieved from FRED.