Infra-Annual Labor Statistics: Working-Age Population Total: 15 Years or over for Australia
LFWATTTTAUM647S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
22,782,030.00
Year-over-Year Change
1.98%
Date Range
2/1/1978 - 6/1/2025
Summary
This trend measures the total working-age population (15 years and older) in Australia. It is a key economic indicator used to analyze labor force participation and workforce dynamics.
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 working-age population is a fundamental metric for evaluating the size and composition of the potential labor force within a country. Economists and policymakers rely on this data to inform workforce planning, labor market policies, and economic forecasting.
Methodology
The data is collected through national labor force surveys conducted by the Australian Bureau of Statistics.
Historical Context
This indicator provides context for interpreting other labor statistics and informing workforce development strategies.
Key Facts
- The working-age population in Australia is over 16 million as of the latest data.
- This metric has grown steadily over the past decade, reflecting demographic changes.
- Tracking the working-age population is crucial for long-term economic planning.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of people aged 15 and older who are considered to be of working age in Australia.
Q: Why is this trend relevant for users or analysts?
A: The size and growth of the working-age population is a key input for analyzing labor force participation, workforce dynamics, and long-term economic planning.
Q: How is this data collected or calculated?
A: The data is collected through national 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 data to inform workforce development strategies, labor market policies, and economic forecasting.
Q: Are there update delays or limitations?
A: The data is published on an intra-annual basis, with some potential for minor delays in the most recent observations.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Working-Age Population Total: 15 Years or over for Australia (LFWATTTTAUM647S), retrieved from FRED.