Infra-Annual Labor Statistics: Employment Female: From 55 to 64 Years for Australia
LFEM55FEAUA647N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
981,356.80
Year-over-Year Change
39.13%
Date Range
1/1/1979 - 1/1/2024
Summary
This economic trend measures employment levels among Australian women aged 55 to 64 years. It provides crucial insights into labor force participation and retirement 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: Employment Female: From 55 to 64 Years for Australia series tracks the number of employed women in Australia within the 55 to 64 age group. This data is a key indicator of economic activity, workforce dynamics, and social trends related to aging and retirement.
Methodology
The data is collected through comprehensive labor force surveys conducted by the Australian Bureau of Statistics.
Historical Context
This employment trend is closely monitored by policymakers, economists, and labor market analysts to inform economic and social policies.
Key Facts
- Employment rate for Australian women aged 55-64 is 62.3% as of 2022.
- Participation in the labor force by this demographic has increased by 10% over the past decade.
- The employment trend reflects social and policy shifts around retirement age in Australia.
FAQs
Q: What does this economic trend measure?
A: This trend measures the employment levels of Australian women aged 55 to 64 years, providing insights into labor force participation and retirement patterns within this demographic.
Q: Why is this trend relevant for users or analysts?
A: This employment data is crucial for understanding workforce dynamics, economic activity, and the impact of social policies related to aging and retirement.
Q: How is this data collected or calculated?
A: The data is collected through comprehensive labor force surveys conducted by the Australian Bureau of Statistics.
Q: How is this trend used in economic policy?
A: Policymakers, economists, and labor market analysts closely monitor this employment trend to inform economic and social policies related to the aging workforce and retirement.
Q: Are there update delays or limitations?
A: The data is released on a regular schedule by the Australian Bureau of Statistics, with occasional delays due to survey collection and processing.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Employment Female: From 55 to 64 Years for Australia (LFEM55FEAUA647N), retrieved from FRED.