Infra-Annual Labor Statistics: Persons Outside the Labor Force Total: From 15 to 24 Years for Australia
LFIN24TTAUQ647S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,026,657.00
Year-over-Year Change
15.54%
Date Range
4/1/1978 - 4/1/2025
Summary
This economic trend measures the total number of persons aged 15 to 24 years who are outside the labor force in Australia. It provides insights into youth participation in 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
The 'Infra-Annual Labor Statistics: Persons Outside the Labor Force Total: From 15 to 24 Years for Australia' data series tracks the number of Australians aged 15 to 24 who are not employed and not actively seeking work. This metric is useful for analyzing trends in youth labor force engagement and potential labor market slack.
Methodology
The data is collected through household surveys conducted by the Australian Bureau of Statistics.
Historical Context
This trend is closely monitored by policymakers and economists to assess the health of the Australian labor market and inform workforce development initiatives.
Key Facts
- The series covers persons aged 15 to 24 years in Australia.
- Data is reported on a quarterly basis.
- This metric provides insights into youth labor force participation.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of persons aged 15 to 24 years in Australia who are outside the labor force, meaning they are not employed and not actively seeking work.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for analyzing trends in youth labor force engagement and potential labor market slack, which can inform workforce development policies and programs.
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 trend is closely monitored by policymakers and economists to assess the health of the Australian labor market and inform workforce development initiatives.
Q: Are there update delays or limitations?
A: The data is reported on a quarterly basis, so there may be a delay in the most recent information.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Persons Outside the Labor Force Total: From 15 to 24 Years for Australia (LFIN24TTAUQ647S), retrieved from FRED.