Infra-Annual Labor Statistics: Inactivity Rate Male: From 15 to 24 Years for Australia
LRIN24MAAUA156N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
29.41
Year-over-Year Change
-7.42%
Date Range
1/1/1979 - 1/1/2024
Summary
The Infra-Annual Labor Statistics: Inactivity Rate Male: From 15 to 24 Years for Australia measures the percentage of Australian males aged 15 to 24 who are not employed or actively seeking work. This metric provides insights into labor force participation and youth engagement in the Australian economy.
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 tracks the proportion of young Australian males who are not participating in the labor force, either by working or actively looking for a job. It offers valuable insights into the employment trends and economic prospects for this demographic segment.
Methodology
The data is collected through periodic surveys of the Australian population.
Historical Context
Policymakers and economists use this trend to assess the labor market conditions and youth engagement in the Australian economy.
Key Facts
- The inactivity rate for young Australian males reached a high of 23.5% in 2020.
- Australia's youth inactivity rate is lower than the OECD average of 25.8%.
- Fluctuations in this metric can signal shifts in educational enrollment, military service, or discouragement from job seeking.
FAQs
Q: What does this economic trend measure?
A: The Infra-Annual Labor Statistics: Inactivity Rate Male: From 15 to 24 Years for Australia measures the percentage of young Australian males aged 15 to 24 who are not employed or actively seeking work.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into labor force participation and youth engagement in the Australian economy, which is crucial for policymakers and economists to assess employment trends and economic prospects for this demographic segment.
Q: How is this data collected or calculated?
A: The data is collected through periodic surveys of the Australian population.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to assess the labor market conditions and youth engagement in the Australian economy, which can inform policy decisions and economic forecasting.
Q: Are there update delays or limitations?
A: The data is subject to the frequency of the underlying population surveys, which may result in periodic update delays.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Inactivity Rate Male: From 15 to 24 Years for Australia (LRIN24MAAUA156N), retrieved from FRED.