Infra-Annual Labor Statistics: Unemployment Male: From 15 to 24 Years for Australia
LFUN24MAAUA647S • 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 males aged 15 to 24 in Australia. It provides valuable insights into the labor market conditions for young workers, which is crucial for policymakers and economists.
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 series tracks the monthly unemployment rate for young male workers in Australia. This metric is widely used to assess the overall health of the labor market and identify any emerging challenges faced by younger demographics.
Methodology
The data is collected through household surveys conducted by the Australian Bureau of Statistics.
Historical Context
This trend is closely monitored by policymakers, economists, and labor market analysts to inform economic and social policies.
Key Facts
- Australia's youth unemployment rate is persistently higher than the national average.
- Young male workers often face greater challenges in securing employment compared to their female counterparts.
- Addressing youth unemployment is a key priority for the Australian government's economic and social policies.
FAQs
Q: What does this economic trend measure?
A: This trend measures the monthly unemployment rate for male workers aged 15 to 24 in Australia. It provides insights into the labor market conditions for young male workers.
Q: Why is this trend relevant for users or analysts?
A: The youth unemployment rate is a crucial indicator for policymakers and economists, as it reflects the overall health of the labor market and the challenges faced by younger demographics in finding employment.
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 trend is closely monitored by policymakers, economists, and labor market analysts to inform economic and social policies aimed at addressing youth unemployment in Australia.
Q: Are there update delays or limitations?
A: The data is reported on a monthly basis, with a relatively short delay. However, there may be some limitations in terms of sample size and accuracy for certain geographic regions or demographic subgroups.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Unemployment Male: From 15 to 24 Years for Australia (LFUN24MAAUA647S), retrieved from FRED.