Infra-Annual Labor Statistics: Labor Force Male: 15 Years or over for Australia
LFACTTMAAUA647N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
7,814,177.00
Year-over-Year Change
20.27%
Date Range
1/1/1964 - 1/1/2024
Summary
The 'Infra-Annual Labor Statistics: Labor Force Male: 15 Years or over for Australia' series measures the size of the male labor force in Australia aged 15 and above. This metric is important for economists and policymakers to understand labor market dynamics and employment trends.
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 data series tracks the monthly count of males aged 15 and older who are actively participating in the Australian labor force. It provides granular insights into the composition and utilization of the national workforce, which is crucial for informed economic policy and business decision-making.
Methodology
The data is collected through household surveys by the Australian Bureau of Statistics.
Historical Context
Policymakers and analysts use this metric to gauge the health and direction of the Australian economy.
Key Facts
- Australia's male labor force reached over 6.5 million in 2022.
- The male participation rate has remained above 70% since the 1970s.
- Labor force dynamics are a key input for monetary and fiscal policy decisions.
FAQs
Q: What does this economic trend measure?
A: This series tracks the size of the male labor force in Australia aged 15 and above, providing insights into the composition and utilization of the national workforce.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for economists and policymakers to understand labor market dynamics and employment trends, which is crucial for informed economic policy and business decision-making.
Q: How is this data collected or calculated?
A: The data is collected through household surveys by the Australian Bureau of Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to gauge the health and direction of the Australian economy, which informs monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis, with some potential for slight delays in publication.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Labor Force Male: 15 Years or over for Australia (LFACTTMAAUA647N), retrieved from FRED.