Infra-Annual Labor Statistics: Unemployment Male: From 55 to 64 Years for Australia
LFUN55MAAUM647N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
35,691.27
Year-over-Year Change
-7.09%
Date Range
2/1/1978 - 5/1/2025
Summary
This economic trend tracks the unemployment rate among Australian males aged 55 to 64 years. It provides valuable insights into labor market dynamics and informs policy decisions related to workforce participation and retirement.
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 Male: From 55 to 64 Years for Australia series measures the percentage of Australian men aged 55 to 64 who are unemployed and actively seeking work. This metric is closely monitored by economists and policymakers to understand labor force participation and the challenges facing older workers.
Methodology
The data is collected through national labor force surveys conducted by the Australian Bureau of Statistics.
Historical Context
This trend is used to analyze employment trends, inform workforce development policies, and assess the impact of economic conditions on older workers.
Key Facts
- The unemployment rate for Australian men aged 55-64 is currently XX%.
- Older workers face unique challenges in the labor market, including age discrimination and skills mismatch.
- Policies to support older worker employment can help mitigate labor shortages and promote economic participation.
FAQs
Q: What does this economic trend measure?
A: This trend measures the unemployment rate among Australian males aged 55 to 64 years, providing insights into labor market dynamics for older workers.
Q: Why is this trend relevant for users or analysts?
A: This trend is relevant for understanding workforce participation, informing policies to support older workers, and assessing the economic challenges facing an aging population.
Q: How is this data collected or calculated?
A: The data is collected through national labor force surveys conducted by the Australian Bureau of Statistics.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers and economists to analyze employment trends, inform workforce development policies, and assess the impact of economic conditions on older workers.
Q: Are there update delays or limitations?
A: The data is updated regularly by the Australian Bureau of Statistics, but may be subject to reporting lags or limitations in survey coverage.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Unemployment Male: From 55 to 64 Years for Australia (LFUN55MAAUM647N), retrieved from FRED.