Leading Indicators OECD: Component Series: Business Tendencies Survey: Employment: Original Series for Australia
LOCOBEORAUQ460S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.00
Year-over-Year Change
-150.00%
Date Range
1/1/1966 - 7/1/2023
Summary
The Leading Indicators OECD: Component Series: Business Tendencies Survey: Employment: Original Series for Australia measures sentiment among Australian businesses regarding future employment levels.
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 index provides insight into the economic outlook and hiring plans of Australian firms, which can inform policymakers and analysts about the health of the labor market and broader economy.
Methodology
The data is collected through surveys of Australian businesses.
Historical Context
Policymakers and analysts use this indicator to assess the direction of the Australian economy.
Key Facts
- The index is part of the OECD's Composite Leading Indicators system.
- Australia is one of the 34 OECD member countries.
- The survey data is collected monthly.
FAQs
Q: What does this economic trend measure?
A: This index measures the sentiment of Australian businesses regarding their future employment plans, providing insight into the near-term outlook for the labor market.
Q: Why is this trend relevant for users or analysts?
A: The employment expectations of businesses are an important leading indicator of economic conditions, helping policymakers and analysts assess the direction of the Australian economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of Australian businesses.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this indicator to help inform decisions and assessments related to the health of the Australian labor market and broader economy.
Q: Are there update delays or limitations?
A: The data is published monthly, with a typical delay of a few weeks.
Related Trends
Infra-Annual Labor Statistics: Unemployment Rate Female: 15 Years or over for Australia
LRUNTTFEAUA156N
Infra-Annual Labor Statistics: Unemployment Total: From 15 to 64 Years for Australia
LFUN64TTAUM647N
Inflation, consumer prices for Australia
FPCPITOTLZGAUS
Consumer Price Index for Australia
DDOE02AUA086NWDB
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Health for Australia
AUSCP060000IXOBQ
Consumer Price Index: All Items: Total for Australia
CPALTT01AUA657N
Citation
U.S. Federal Reserve, Leading Indicators OECD: Component Series: Business Tendencies Survey: Employment: Original Series for Australia (LOCOBEORAUQ460S), retrieved from FRED.