Infra-Annual Labor Statistics: Employment Total: From 15 to 64 Years for Australia
LFEM64TTAUM657S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.52
Year-over-Year Change
11.56%
Date Range
3/1/1978 - 11/1/2023
Summary
The 'Infra-Annual Labor Statistics: Employment Total: From 15 to 64 Years for Australia' measures the total employment level for Australians aged 15 to 64. This key labor market indicator provides insights into workforce participation and economic activity.
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 economic series tracks the total number of employed persons aged 15 to 64 in Australia on an infra-annual basis. The data is used by policymakers, analysts, and economists to monitor labor force trends and labor market health.
Methodology
The data is collected through Australia's labor force survey.
Historical Context
This employment measure is a leading indicator referenced in Australian economic and labor market policy.
Key Facts
- Employment for Australians aged 15-64 totaled over 13 million in the latest period.
- The employment rate for this age group is around 75%.
- Employment levels have steadily increased over the past decade.
FAQs
Q: What does this economic trend measure?
A: This series tracks the total number of employed persons aged 15 to 64 in Australia. It provides a comprehensive measure of labor force participation and workforce activity.
Q: Why is this trend relevant for users or analysts?
A: This employment metric is a key indicator of labor market health and economic conditions in Australia. It informs policymaking, investment decisions, and economic analysis.
Q: How is this data collected or calculated?
A: The data is collected through Australia's nationally representative labor force survey.
Q: How is this trend used in economic policy?
A: This employment measure is closely watched by the Australian government, central bank, and other institutions to monitor the labor market and guide economic policies.
Q: Are there update delays or limitations?
A: The data is published on an infra-annual basis with a short lag, providing timely insights into labor force trends.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Employment Total: From 15 to 64 Years for Australia (LFEM64TTAUM657S), retrieved from FRED.