Harmonized Unemployment: Monthly Levels: Aged 25 and over: Males for Australia
Annual, Not Seasonally Adjusted
LFHUADMAAUA647N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
174,978.35
Year-over-Year Change
-9.10%
Date Range
1/1/1979 - 1/1/2022
Summary
This economic trend measures the annual, not seasonally adjusted unemployment rate in Austria. It is a key indicator of labor market conditions and economic performance in the country.
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 annual, not seasonally adjusted unemployment rate in Austria represents the percentage of the total labor force in Austria that is jobless, available for work, and actively seeking employment over a 12-month period. This metric is widely used by economists and policymakers to assess the overall health of the Austrian economy.
Methodology
The data is collected through national labor force surveys conducted by Statistics Austria.
Historical Context
The unemployment rate is a crucial input for monetary and fiscal policy decisions in Austria.
Key Facts
- Austria's unemployment rate averaged 4.9% from 2010-2020.
- The highest recorded annual unemployment rate in Austria was 6.2% in 2016.
- Austria has one of the lowest unemployment rates in the European Union.
FAQs
Q: What does this economic trend measure?
A: This trend measures the annual, not seasonally adjusted unemployment rate in Austria, which represents the percentage of the total labor force that is jobless and actively seeking employment.
Q: Why is this trend relevant for users or analysts?
A: The unemployment rate is a key indicator of the overall health of the Austrian economy and is closely monitored by economists, policymakers, and investors.
Q: How is this data collected or calculated?
A: The data is collected through national labor force surveys conducted by Statistics Austria.
Q: How is this trend used in economic policy?
A: The unemployment rate is a crucial input for monetary and fiscal policy decisions in Austria, as it helps assess the state of the labor market and broader economic conditions.
Q: Are there update delays or limitations?
A: The annual, not seasonally adjusted unemployment rate data is typically published with a delay of several months by Statistics Austria.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (LFHUADMAAUA647N), retrieved from FRED.