Infra-Annual Labor Statistics: Unemployment Total: From 25 to 54 Years for Australia
LFUN25TTAUA647S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
290,828.60
Year-over-Year Change
-8.77%
Date Range
1/1/1979 - 1/1/2024
Summary
This economic indicator tracks the total unemployment rate for Australians aged 25 to 54, a key demographic for the labor force. It provides timely insights into the health of the Australian job 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: Unemployment Total: From 25 to 54 Years for Australia series measures the percentage of the Australian population aged 25-54 who are actively seeking work but unable to find it. This metric is closely watched by economists and policymakers to assess labor market conditions and guide economic policy.
Methodology
The data is collected through household surveys conducted by the Australian Bureau of Statistics.
Historical Context
This unemployment trend is a key input for the Reserve Bank of Australia's monetary policy decisions and is closely followed by financial markets.
Key Facts
- Australia's 25-54 unemployment rate was 3.7% as of the latest data.
- Unemployment in this age group has remained below the national average.
- Women have a slightly higher unemployment rate than men in this cohort.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the total unemployment rate for Australians aged 25 to 54, providing insights into the health of the Australian labor market.
Q: Why is this trend relevant for users or analysts?
A: The 25-54 age group is a key demographic for the labor force, so this metric is closely watched by economists and policymakers to assess economic conditions and guide policy decisions.
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 unemployment trend is a key input for the Reserve Bank of Australia's monetary policy decisions and is closely followed by financial markets.
Q: Are there update delays or limitations?
A: The data is published on an infra-annual basis, so there may be some delay in the most recent figures compared to the current labor market conditions.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Unemployment Total: From 25 to 54 Years for Australia (LFUN25TTAUA647S), retrieved from FRED.