Infra-Annual Labor Statistics: Employment Rate Total: From 55 to 64 Years for Australia
LREM55TTAUM156S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
67.11
Year-over-Year Change
-0.07%
Date Range
2/1/1978 - 4/1/2025
Summary
The Employment Rate Total: From 55 to 64 Years for Australia measures the percentage of the Australian population aged 55-64 who are employed. This metric provides insight into labor force participation and economic activity within this age demographic.
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 economic indicator tracks the employment rate for Australians aged 55-64, a key segment of the working-age population. It is used by economists and policymakers to analyze labor market dynamics, workforce trends, and the economic status of older workers.
Methodology
The data is collected through household surveys conducted by the Australian Bureau of Statistics.
Historical Context
This employment rate is relevant for assessing the labor market, economic health, and policy impacts on older workers in Australia.
Key Facts
- Australia's 55-64 employment rate was 67.4% in 2021.
- Employment for this age group has increased by 10 percentage points since 2000.
- Older workers comprise an important and growing segment of the Australian labor force.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the percentage of Australians aged 55-64 who are employed, providing insight into labor force participation and economic activity within this age demographic.
Q: Why is this trend relevant for users or analysts?
A: This employment rate is an important metric for understanding labor market dynamics, workforce trends, and the economic status of older workers in Australia.
Q: How is this data collected or calculated?
A: The data is collected through household surveys conducted by the Australian Bureau of Statistics.
Q: How is this trend used in economic policy?
A: This employment rate is relevant for assessing the labor market, economic health, and policy impacts on older workers in Australia.
Q: Are there update delays or limitations?
A: The data is updated on a regular schedule by the Australian Bureau of Statistics.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Employment Rate Total: From 55 to 64 Years for Australia (LREM55TTAUM156S), retrieved from FRED.