Infra-Annual Labor Statistics: Monthly Unemployment Total: 15 Years or over for Australia
LFHUTTTTAUM647S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
618,283.40
Year-over-Year Change
4.78%
Date Range
2/1/1978 - 5/1/2025
Summary
The 'Infra-Annual Labor Statistics: Monthly Unemployment Total: 15 Years or over for Australia' measures the total number of unemployed persons aged 15 and above in Australia on a monthly basis. This metric is a key indicator of the health and dynamics of the Australian labor market.
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 economic trend represents the total number of unemployed individuals in Australia aged 15 and above, tracked on a monthly frequency. The unemployment total is a widely-used gauge of labor market conditions and helps policymakers and analysts assess the strength of the Australian economy.
Methodology
The data is collected through national labor force surveys conducted by the Australian Bureau of Statistics.
Historical Context
This unemployment metric is closely monitored by the Reserve Bank of Australia and other policymakers to inform monetary and fiscal policy decisions.
Key Facts
- Australia's unemployment rate averaged 5.4% over the past decade.
- The unemployment total reached a high of 1.3 million in mid-2020 due to the COVID-19 pandemic.
- Long-term unemployment remains a persistent challenge for policymakers in Australia.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of unemployed persons aged 15 and above in Australia on a monthly basis, providing a snapshot of the country's labor market conditions.
Q: Why is this trend relevant for users or analysts?
A: The unemployment total is a crucial indicator of the health of the Australian economy, helping policymakers and analysts assess labor market dynamics and inform economic policy decisions.
Q: How is this data collected or calculated?
A: The data is collected through monthly labor force surveys conducted by the Australian Bureau of Statistics.
Q: How is this trend used in economic policy?
A: The unemployment total is closely monitored by the Reserve Bank of Australia and other policymakers to inform monetary and fiscal policy decisions aimed at promoting full employment and economic stability.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis, with a typical lag of around 4-6 weeks between the reference period and the data publication.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Monthly Unemployment Total: 15 Years or over for Australia (LFHUTTTTAUM647S), retrieved from FRED.