Infra-Annual Labor Statistics: Labor Force Participation Rate Total: From 15 to 64 Years for Australia
LRAC64TTAUQ156N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
80.68
Year-over-Year Change
1.21%
Date Range
4/1/1978 - 1/1/2025
Summary
The Labor Force Participation Rate Total: From 15 to 64 Years for Australia measures the percentage of the working-age population in Australia that is employed or actively seeking work. This statistic is a key indicator of the strength and health of the Australian 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
The Labor Force Participation Rate is an important economic indicator that provides insight into the overall utilization of a country's working-age population. It is closely monitored by policymakers, economists, and analysts to assess labor market dynamics and potential areas for policy intervention.
Methodology
This data is collected through nationally representative household surveys conducted by the Australian Bureau of Statistics.
Historical Context
Trends in the labor force participation rate can inform monetary and fiscal policies aimed at promoting employment and economic growth.
Key Facts
- The labor force participation rate in Australia was 66.4% as of the latest data.
- Australia's participation rate has remained relatively stable over the past decade.
- Women's participation rate in Australia is lower than men's.
FAQs
Q: What does this economic trend measure?
A: The Labor Force Participation Rate Total: From 15 to 64 Years for Australia measures the percentage of the working-age population in Australia that is 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 strength and health of the Australian labor market, providing insight into the overall utilization of the working-age population.
Q: How is this data collected or calculated?
A: This data is collected through nationally representative household surveys conducted by the Australian Bureau of Statistics.
Q: How is this trend used in economic policy?
A: Trends in the labor force participation rate can inform monetary and fiscal policies aimed at promoting employment and economic growth in Australia.
Q: Are there update delays or limitations?
A: The data is updated regularly by the Australian Bureau of Statistics, with minimal delays. However, survey-based data may have some limitations in capturing the full extent of labor market dynamics.
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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 (LRAC64TTAUQ156N), retrieved from FRED.