Infra-Annual Registered Unemployment and Job Vacancies: Total Economy: Unfilled Vacancies for Australia
LMJVTTUVAUA647S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
411,525.00
Year-over-Year Change
122.69%
Date Range
1/1/1980 - 1/1/2023
Summary
This economic trend measures the total number of unfilled job vacancies in the Australian economy. It provides valuable insights into labor market dynamics and the balance between labor supply and demand.
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 Registered Unemployment and Job Vacancies: Total Economy: Unfilled Vacancies for Australia data series tracks the total number of open positions that employers are actively seeking to fill. This metric is a key indicator of labor market tightness and can inform policy decisions related to employment, workforce development, and economic growth.
Methodology
The data is collected through a quarterly survey of Australian businesses.
Historical Context
Policymakers and analysts use this trend to assess the strength of the labor market and identify potential imbalances between job openings and available workers.
Key Facts
- The number of unfilled job vacancies in Australia reached a record high in 2022.
- Job openings have outpaced the number of unemployed workers in Australia since the COVID-19 pandemic.
- Unfilled vacancies are a leading indicator of future hiring and economic activity.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of unfilled job vacancies in the Australian economy, providing insights into labor market dynamics and the balance between labor supply and demand.
Q: Why is this trend relevant for users or analysts?
A: This trend is a key indicator of labor market tightness and can inform policy decisions related to employment, workforce development, and economic growth.
Q: How is this data collected or calculated?
A: The data is collected through a quarterly survey of Australian businesses.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to assess the strength of the labor market and identify potential imbalances between job openings and available workers.
Q: Are there update delays or limitations?
A: The data is reported on a quarterly basis, with a potential delay of several weeks or months.
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Citation
U.S. Federal Reserve, Infra-Annual Registered Unemployment and Job Vacancies: Total Economy: Unfilled Vacancies for Australia (LMJVTTUVAUA647S), retrieved from FRED.