Infra-Annual Labor Statistics: Employment Male: From 15 to 24 Years for Australia
LFEM24MAAUQ647N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,145,897.00
Year-over-Year Change
14.43%
Date Range
4/1/1978 - 1/1/2025
Summary
This economic trend measures employment levels for males aged 15 to 24 years in Australia. Understanding youth employment is crucial for policymakers assessing labor market dynamics and economic development.
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 series tracks the number of employed males within this demographic. This provides insight into the participation and engagement of young workers in the Australian economy.
Methodology
The data is collected through national labor force surveys conducted by the Australian Bureau of Statistics.
Historical Context
Trends in youth employment are closely monitored by economists and policymakers to inform workforce development initiatives and macroeconomic policies.
Key Facts
- Australia's youth employment rate is around 50%.
- Male youth employment has historically been higher than female youth employment.
- Youth unemployment is a key indicator of economic health and labor market conditions.
FAQs
Q: What does this economic trend measure?
A: This trend measures the employment levels of males aged 15 to 24 years in Australia. It provides insight into youth labor force participation and engagement in the Australian economy.
Q: Why is this trend relevant for users or analysts?
A: Youth employment is a crucial indicator for policymakers and economists assessing labor market dynamics, workforce development, and overall economic health.
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: Trends in youth employment are closely monitored to inform workforce development initiatives and broader macroeconomic policies aimed at promoting economic growth and employment.
Q: Are there update delays or limitations?
A: There may be delays in data reporting or updates due to the nature of labor force surveys, but the Australian Bureau of Statistics strives to provide timely and reliable information.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Employment Male: From 15 to 24 Years for Australia (LFEM24MAAUQ647N), retrieved from FRED.