Infra-Annual Labor Statistics: Employment Total: From 55 to 64 Years for Australia
LFEM55TTAUA647S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,065,389.00
Year-over-Year Change
29.75%
Date Range
1/1/1979 - 1/1/2024
Summary
The 'Infra-Annual Labor Statistics: Employment Total: From 55 to 64 Years for Australia' metric tracks employment levels for Australians aged 55 to 64. This data provides valuable insights into labor force participation and workforce trends for older workers.
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 series measures the total employment of Australians aged 55 to 64, a key demographic for understanding labor market dynamics and economic activity. It is used by economists, policymakers, and analysts to assess employment patterns and workforce participation among older adults.
Methodology
The data is collected through household surveys conducted by the Australian Bureau of Statistics.
Historical Context
This employment trend informs labor market and retirement policy discussions in Australia.
Key Facts
- Employment for Australians aged 55-64 has increased over the past decade.
- Women's participation in the 55-64 age group has risen faster than men's.
- Labor force participation rates remain lower for older workers compared to prime-age adults.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the total employment of Australians aged 55 to 64 years old, providing insights into labor force participation and workforce trends for older workers.
Q: Why is this trend relevant for users or analysts?
A: This data is relevant for understanding labor market dynamics, workforce aging, and policy issues related to retirement and older adult employment.
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 trend informs labor market and retirement policy discussions in Australia, as it provides insights into workforce participation among older adults.
Q: Are there update delays or limitations?
A: The data is released on an infra-annual basis, with some potential lags in reporting compared to real-time labor market conditions.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Employment Total: From 55 to 64 Years for Australia (LFEM55TTAUA647S), retrieved from FRED.