Infra-Annual Labor Statistics: Working-Age Population Male: From 15 to 64 Years for Australia
Annual, Seasonally Adjusted
LFWA64MAAUA647S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
8,807,442.00
Year-over-Year Change
16.29%
Date Range
1/1/1978 - 1/1/2024
Summary
The 'Annual, Seasonally Adjusted' trend measures the annual average unemployment rate for the total civilian labor force in the United States. This key economic indicator is closely watched by policymakers and analysts to assess the health of the 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
This series tracks the seasonally adjusted annual average unemployment rate, which factors in regular employment fluctuations throughout the year. It provides a standardized measure of joblessness that enables reliable comparisons over time and across regions.
Methodology
The data is collected through the Current Population Survey conducted by the U.S. Census Bureau on behalf of the Bureau of Labor Statistics.
Historical Context
The unemployment rate is a vital input for Federal Reserve monetary policy decisions and is closely followed by financial markets.
Key Facts
- The annual average unemployment rate in the U.S. was 3.7% in 2019.
- Unemployment is a lagging economic indicator that reflects broader business cycle trends.
- Policymakers aim for a 'natural' unemployment rate of around 4-5% to balance inflation and employment.
FAQs
Q: What does this economic trend measure?
A: This trend measures the annual average unemployment rate for the total civilian labor force in the United States, adjusted for seasonal variations.
Q: Why is this trend relevant for users or analysts?
A: The unemployment rate is a key indicator of labor market health and a vital input for monetary and fiscal policy decisions. It is closely watched by economists, policymakers, and financial markets.
Q: How is this data collected or calculated?
A: The data is collected through the Current Population Survey conducted by the U.S. Census Bureau on behalf of the Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: The unemployment rate is a crucial input for Federal Reserve monetary policy decisions and is closely followed by financial markets to assess the overall state of the economy.
Q: Are there update delays or limitations?
A: The annual average unemployment rate data is published with a short lag, typically within a few months after the end of the calendar year.
Related Trends
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Transport for Australia
AUSCP070000GYQ
Nominal Imports of Goods and Services for Australia
NMSAXDCAUQ
Nominal Final Consumption Expenditure for Australia
NCSAXDCAUQ
Current Account (Excludes Exceptional Financing), Net for Australia
CUAEEFAUA052N
Bank's Net Interest Margin for Australia
DDEI01AUA156NWDB
Labor Compensation: Earnings: All Activities: Weekly for Australia
LCEATT02AUA189N
Citation
U.S. Federal Reserve, Annual, Seasonally Adjusted (LFWA64MAAUA647S), retrieved from FRED.