Harmonized Unemployment: Monthly Levels: Aged 25 and over: Males for Australia
LFHUADMAAUM647S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
175,437.31
Year-over-Year Change
10.85%
Date Range
2/1/1978 - 11/1/2023
Summary
The Harmonized Unemployment: Monthly Levels: Aged 25 and over: Males for Australia measures the unemployment rate among Australian men aged 25 and older. This key economic indicator provides insights into the labor market and is used by policymakers and analysts to assess employment trends.
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 series from the OECD tracks the monthly unemployment rate for Australian men aged 25 and above. It is part of the Harmonized Unemployment Rates (HUR) dataset, which facilitates cross-country comparisons of unemployment data using standardized definitions and methodologies.
Methodology
The data is collected through household labor force surveys conducted by the Australian Bureau of Statistics.
Historical Context
Policymakers and economists closely monitor this unemployment metric to gauge the strength of the Australian labor market and inform economic policies.
Key Facts
- Australia's male unemployment rate was 4.6% in December 2022.
- The unemployment rate for Australian men aged 25+ has remained below 6% since 2019.
- Male unemployment is typically lower than the overall Australian unemployment rate.
FAQs
Q: What does this economic trend measure?
A: This series measures the monthly unemployment rate for Australian men aged 25 and older, providing insights into the strength of the labor market.
Q: Why is this trend relevant for users or analysts?
A: This unemployment metric is closely tracked by policymakers, economists, and analysts to assess the health of the Australian economy and inform economic policies.
Q: How is this data collected or calculated?
A: The data is collected through household labor force surveys conducted by the Australian Bureau of Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this unemployment rate to gauge the strength of the Australian labor market and inform decisions on monetary and fiscal policies.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical lag of one to two months.
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Citation
U.S. Federal Reserve, Harmonized Unemployment: Monthly Levels: Aged 25 and over: Males for Australia (LFHUADMAAUM647S), retrieved from FRED.