Infra-Annual Labor Statistics: Labor Force Total: From 55 to 64 Years for Australia
LFAC55TTAUM647N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,154,015.00
Year-over-Year Change
0.43%
Date Range
2/1/1978 - 5/1/2025
Summary
This economic trend measures the total labor force participation rate for Australians aged 55 to 64 years. It provides valuable insights into labor market dynamics and workforce trends within this 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
The Infra-Annual Labor Statistics: Labor Force Total: From 55 to 64 Years for Australia tracks the size and participation rate of the labor force for Australian adults between the ages of 55 and 64. This metric is used by policymakers and economists to understand employment patterns, labor market participation, and workforce trends among older workers.
Methodology
The data is collected through household surveys conducted by the Australian Bureau of Statistics.
Historical Context
This labor force statistic is relevant for assessing economic policies and labor market programs targeted at older workers.
Key Facts
- Australia's labor force participation rate for 55-64 year olds was 67.4% in 2021.
- The 55-64 age group accounts for over 13% of Australia's total labor force.
- Labor force participation among older Australians has increased significantly over the past two decades.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total labor force participation rate for Australians aged 55 to 64 years.
Q: Why is this trend relevant for users or analysts?
A: This metric provides valuable insights into employment patterns, labor market participation, and workforce trends among 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 labor force statistic is relevant for assessing economic policies and labor market programs targeted at older workers in Australia.
Q: Are there update delays or limitations?
A: The data is reported on an infra-annual basis, so there may be some delay in the most recent updates.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Labor Force Total: From 55 to 64 Years for Australia (LFAC55TTAUM647N), retrieved from FRED.