Infra-Annual Labor Statistics: Labor Force Total: 15 Years or over for Australia
LFACTTTTAUQ647S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
15,153,400.00
Year-over-Year Change
8.90%
Date Range
1/1/1964 - 1/1/2025
Summary
This economic trend measures the total labor force in Australia for individuals aged 15 and over. It is a key indicator of labor market activity and economic performance.
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 Total: 15 Years or over for Australia tracks the total number of people in the Australian labor force, including both employed and unemployed individuals. This metric is used by economists and policymakers to analyze workforce dynamics and assess the overall health of the Australian economy.
Methodology
The data is collected through national labor force surveys conducted by the Australian Bureau of Statistics.
Historical Context
This trend is widely referenced by government agencies, central banks, and international organizations when evaluating Australian economic policies and labor market conditions.
Key Facts
- Australia's labor force totaled over 13 million people as of the latest data.
- The labor force participation rate in Australia is around 66%.
- Women make up approximately 47% of the total Australian labor force.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of people in the Australian labor force, including both employed and unemployed individuals aged 15 and over.
Q: Why is this trend relevant for users or analysts?
A: The total labor force is a key indicator of economic activity and labor market health in Australia. It is widely used by economists, policymakers, and analysts to assess workforce dynamics and make informed decisions.
Q: How is this data collected or calculated?
A: The data is collected through national labor force surveys conducted by the Australian Bureau of Statistics.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by government agencies, central banks, and international organizations when evaluating Australian economic policies and labor market conditions.
Q: Are there update delays or limitations?
A: The data is released on a regular schedule by the Australian Bureau of Statistics, but there may be some delays in publication or potential limitations in survey coverage.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Labor Force Total: 15 Years or over for Australia (LFACTTTTAUQ647S), retrieved from FRED.