Quarterly, Seasonally Adjusted
AUSLFTOTQDSMEI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
12,089.52
Year-over-Year Change
4.85%
Date Range
1/1/1964 - 1/1/2012
Summary
The Quarterly, Seasonally Adjusted series measures the total labor force in Australia on a quarterly basis, adjusted for seasonal factors. This metric is a key indicator of the size and participation 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
The Quarterly, Seasonally Adjusted labor force data provides a comprehensive overview of the total number of people in Australia who are employed or actively seeking work. This series is a crucial input for policymakers and analysts to understand the health and dynamics of the Australian labor market.
Methodology
The data is collected through national household surveys and adjusted for seasonal variations.
Historical Context
The Australian labor force participation rate is closely monitored by the Reserve Bank of Australia and other institutions to inform economic and monetary policy decisions.
Key Facts
- The Australian labor force includes over 13 million people.
- Labor force participation rate in Australia is around 66%.
- Unemployment in Australia is currently below 5%.
FAQs
Q: What does this economic trend measure?
A: The Quarterly, Seasonally Adjusted series measures the total size of the Australian labor force, including both employed and unemployed individuals actively seeking work.
Q: Why is this trend relevant for users or analysts?
A: This labor force data is a key indicator of the overall health and dynamics of the Australian economy, providing important insights for policymakers, businesses, and economists.
Q: How is this data collected or calculated?
A: The data is collected through national household surveys and adjusted for seasonal variations to provide a consistent quarterly measurement.
Q: How is this trend used in economic policy?
A: The Australian labor force participation rate is closely monitored by the Reserve Bank of Australia and other institutions to inform economic and monetary policy decisions.
Q: Are there update delays or limitations?
A: The Quarterly, Seasonally Adjusted labor force data is typically published with a 1-2 month delay to allow for data collection and processing.
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Citation
U.S. Federal Reserve, Quarterly, Seasonally Adjusted (AUSLFTOTQDSMEI), retrieved from FRED.