Infra-Annual Labor Statistics: Unemployment Male: From 15 to 24 Years for Australia
LFUN24MAAUA647N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
133,184.50
Year-over-Year Change
-0.12%
Date Range
1/1/1979 - 1/1/2024
Summary
This economic trend measures the unemployment rate for Australian men aged 15 to 24 years. Tracking youth unemployment is crucial for understanding labor market dynamics and informing economic and social policies.
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: Unemployment Male: From 15 to 24 Years for Australia metric provides a detailed view of the labor force participation and joblessness among young Australian men. This data series is used by economists, policymakers, and researchers to assess the health of the labor market and identify areas for targeted interventions.
Methodology
The data is collected through household surveys conducted by the Australian Bureau of Statistics.
Historical Context
This unemployment rate is an important indicator for monitoring the economic and social well-being of young Australians.
Key Facts
- Australia's youth unemployment rate is currently around 10%.
- Young men are more likely to be unemployed than their female peers.
- Long-term youth unemployment can have lasting impacts on future earnings and career prospects.
FAQs
Q: What does this economic trend measure?
A: This trend measures the unemployment rate for Australian men aged 15 to 24 years, providing insights into the labor force participation and joblessness among young Australian workers.
Q: Why is this trend relevant for users or analysts?
A: Tracking youth unemployment is crucial for understanding labor market dynamics and informing economic and social policies aimed at supporting young Australians' transition into the workforce.
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: This unemployment rate is an important indicator for monitoring the economic and social well-being of young Australians, and is used by policymakers to develop targeted interventions and support programs.
Q: Are there update delays or limitations?
A: The data is published on a regular schedule, but may be subject to revisions and updates by the data source.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Unemployment Male: From 15 to 24 Years for Australia (LFUN24MAAUA647N), retrieved from FRED.