Infra-Annual Labor Statistics: Employment Male: From 15 to 24 Years for Australia
LFEM24MAAUA647N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,121,650.00
Year-over-Year Change
19.68%
Date Range
1/1/1979 - 1/1/2024
Summary
This trend measures the employment rate for Australian males aged 15 to 24 years. It provides key insights into youth labor market dynamics 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: Employment Male: From 15 to 24 Years for Australia metric tracks the monthly employment levels of young Australian men. It is a valuable data point for analyzing labor force participation, identifying potential skills gaps, and informing workforce development initiatives.
Methodology
The data is collected through household surveys conducted by the Australian Bureau of Statistics.
Historical Context
This trend is closely monitored by policymakers, employers, and labor market analysts to understand the economic and social factors impacting youth employment.
Key Facts
- Australia's youth employment rate for males aged 15-24 is currently around 67%.
- Youth unemployment is a key economic and social concern for policymakers.
- Trends in youth employment can indicate broader labor market conditions.
FAQs
Q: What does this economic trend measure?
A: This trend measures the monthly employment levels of Australian males aged 15 to 24 years, providing insights into youth labor market dynamics.
Q: Why is this trend relevant for users or analysts?
A: This trend is important for policymakers, employers, and labor market analysts to understand the economic and social factors impacting youth employment in Australia.
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 closely monitored by policymakers to inform workforce development initiatives and address potential skills gaps in the youth labor market.
Q: Are there update delays or limitations?
A: The data is published monthly, but there may be some delays in data collection and reporting by the Australian Bureau of Statistics.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Employment Male: From 15 to 24 Years for Australia (LFEM24MAAUA647N), retrieved from FRED.