Infra-Annual Labor Statistics: Employment Rate Male: From 15 to 24 Years for Australia
LREM24MAAUA156N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
63.10
Year-over-Year Change
5.63%
Date Range
1/1/1979 - 1/1/2024
Summary
This economic trend measures the employment rate for Australian males aged 15 to 24 years. It provides insights into the labor force participation and economic activity of young men in Australia.
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 employment rate for young Australian men is an important economic indicator that reflects the overall health and opportunities in the labor market. Policymakers and analysts use this data to monitor youth employment, understand demographic trends, and inform workforce development strategies.
Methodology
The data is collected through national labor force surveys conducted by the Australian Bureau of Statistics.
Historical Context
This trend is relevant for assessing the economic and social conditions affecting young Australians.
Key Facts
- Australia's youth employment rate for males aged 15-24 is around 70%.
- Youth employment is influenced by economic conditions, education, and training opportunities.
- Monitoring this trend helps policymakers address challenges faced by young workers.
FAQs
Q: What does this economic trend measure?
A: This trend measures the employment rate for Australian males aged 15 to 24 years, providing insights into the labor force participation and economic activity of young men in Australia.
Q: Why is this trend relevant for users or analysts?
A: The employment rate for young Australian men is an important economic indicator that reflects the overall health and opportunities in the labor market. Policymakers and analysts use this data to monitor youth employment, understand demographic trends, and inform workforce development strategies.
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: This trend is relevant for assessing the economic and social conditions affecting young Australians, which helps policymakers address challenges faced by young workers and develop strategies to improve youth employment.
Q: Are there update delays or limitations?
A: The data is regularly updated by the Australian Bureau of Statistics, but there may be some delays in publication and potential limitations in survey coverage or methodology.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Employment Rate Male: From 15 to 24 Years for Australia (LREM24MAAUA156N), retrieved from FRED.