Infra-Annual Labor Statistics: Employment Total: From 25 to 54 Years for Australia
LFEM25TTAUA657S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.48
Year-over-Year Change
101.98%
Date Range
1/1/1980 - 1/1/2022
Summary
This economic trend measures the total employment for individuals aged 25 to 54 in Australia. It provides valuable insights into the core working-age population's labor market participation.
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 Total: From 25 to 54 Years for Australia tracks the number of employed persons in the 25 to 54 age group within the Australian labor force. This metric is a key indicator of the health and dynamics of the country's prime-age workforce.
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 analysts to assess the strength of the Australian labor market and inform economic decision-making.
Key Facts
- The 25-54 age group accounts for the largest share of the Australian labor force.
- Employment in this cohort is a leading indicator of overall economic activity.
- Trends in this metric can inform policies aimed at boosting labor force participation.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total employment for individuals aged 25 to 54 in Australia, providing insights into the core working-age population's labor market participation.
Q: Why is this trend relevant for users or analysts?
A: This metric is a key indicator of the health and dynamics of the Australian labor market, and is widely used by policymakers, economists, and analysts to assess the strength of the workforce and inform economic decision-making.
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: Trends in this metric can inform policies aimed at boosting labor force participation and supporting the core working-age population in Australia.
Q: Are there update delays or limitations?
A: The data is published on an infra-annual basis, with potential for short delays in availability.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Employment Total: From 25 to 54 Years for Australia (LFEM25TTAUA657S), retrieved from FRED.