Infra-Annual Labor Statistics: Unemployment Total: 15 Years or over for Australia
LFUNTTTTAUM647N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
619,385.50
Year-over-Year Change
5.10%
Date Range
2/1/1978 - 5/1/2025
Summary
This economic trend measures the total unemployment rate for Australians aged 15 and over. It is a key metric used by policymakers and analysts to gauge the health of the Australian labor market.
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 Total: 15 Years or over for Australia series provides a monthly snapshot of the overall unemployment rate in Australia. This high-frequency data is essential for monitoring short-term fluctuations in the job market and informing economic policy decisions.
Methodology
The data is collected through household surveys conducted by the Australian Bureau of Statistics.
Historical Context
Tracking this unemployment metric helps policymakers and central banks assess the strength of the Australian economy and implement appropriate monetary and fiscal policies.
Key Facts
- Australia's unemployment rate averaged 5.5% over the past decade.
- Unemployment spiked to 7.5% during the COVID-19 pandemic in 2020.
- Youth unemployment (ages 15-24) is typically higher than the overall rate.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total unemployment rate for Australians aged 15 and over, providing a high-level snapshot of the country's labor market conditions.
Q: Why is this trend relevant for users or analysts?
A: The unemployment rate is a key indicator of economic health and helps policymakers and investors assess the strength of the Australian economy.
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: Monitoring this unemployment metric aids policymakers and central banks in implementing appropriate monetary and fiscal policies to support the labor market and broader economy.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis, with a typical 1-2 month delay between the reference period and publication.
Related Trends
International Trade: Net Trade: Value (Goods): Total for Australia
AUSXTNTVA01STSAQ
Production: Industry: Total Industry Excluding Construction for Australia
PRINTO01AUA189S
Business Tendency Surveys: Rate of Capacity Utilisation: Economic Activity: Manufacturing: Current for Australia
AUSBSCURT02STSAQ
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Restaurants and Hotels for Australia
AUSCP110000GYQ
Infra-Annual Labor Statistics: Working-Age Population Total: From 55 to 64 Years for Australia
LFWA55TTAUQ647S
Liquid Assets to Deposits and Short Term Funding for Australia
DDSI06AUA156NWDB
Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Unemployment Total: 15 Years or over for Australia (LFUNTTTTAUM647N), retrieved from FRED.