Infra-Annual Labor Statistics: Labor Force Participation Rate Total: From 15 to 64 Years for Australia
LRAC64TTAUM156S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
80.55
Year-over-Year Change
0.58%
Date Range
2/1/1978 - 5/1/2025
Summary
The Labor Force Participation Rate Total: From 15 to 64 Years for Australia measures the percentage of the working-age population actively engaged in the labor market, providing key insights into the health and utilization of the Australian workforce.
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 indicator represents the proportion of the Australian population aged 15 to 64 who are either employed or actively seeking work. It is a widely tracked metric used by economists, policymakers, and analysts to gauge the overall labor market participation and labor supply in the country.
Methodology
The data is collected through national labor force surveys conducted by the Australian Bureau of Statistics.
Historical Context
The labor force participation rate is a crucial input for economic policy decisions and labor market analysis.
Key Facts
- The labor force participation rate in Australia was 66.1% as of the latest data.
- Participation rates are higher among men than women in Australia.
- The labor force participation rate has trended downward in Australia over the past decade.
FAQs
Q: What does this economic trend measure?
A: The Infra-Annual Labor Force Participation Rate Total: From 15 to 64 Years for Australia measures the percentage of the working-age population in Australia that is actively engaged in the labor market, either employed or actively seeking work.
Q: Why is this trend relevant for users or analysts?
A: The labor force participation rate is a key indicator of the health and utilization of the labor market, providing insights into the overall supply of labor and the degree of economic activity in Australia.
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: The labor force participation rate is a crucial input for economic policy decisions and labor market analysis, informing workforce development, employment, and other related policies.
Q: Are there update delays or limitations?
A: The data is updated on a regular, intra-annual basis, but may be subject to revisions and limitations inherent in survey-based labor market statistics.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Labor Force Participation Rate Total: From 15 to 64 Years for Australia (LRAC64TTAUM156S), retrieved from FRED.