Infra-Annual Labor Statistics: Unemployment Male: From 15 to 64 Years for Australia
LFUN64MAAUA647S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
314,103.00
Year-over-Year Change
-4.57%
Date Range
1/1/1979 - 1/1/2024
Summary
This economic trend measures the unemployment rate for Australian males aged 15 to 64 years. It provides valuable insights into labor market dynamics and is a key indicator used by policymakers and economists.
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 15 to 64 Years for Australia tracks the monthly unemployment rate for working-age Australian men. This metric is a crucial barometer of the country's economic health and labor market conditions.
Methodology
The data is collected through household surveys conducted by the Australian Bureau of Statistics.
Historical Context
This unemployment trend is closely monitored by the Reserve Bank of Australia and other government agencies to inform economic policy decisions.
Key Facts
- Australia's male unemployment rate averaged 5.1% in 2022.
- The unemployment rate for Australian men peaked at 7.5% in mid-2020 due to the COVID-19 pandemic.
- Youth unemployment (ages 15-24) remains higher than the overall male unemployment rate.
FAQs
Q: What does this economic trend measure?
A: This trend measures the monthly unemployment rate for Australian men aged 15 to 64 years, providing insights into the country's labor market dynamics.
Q: Why is this trend relevant for users or analysts?
A: The male unemployment rate is a key indicator used by policymakers, economists, and investors to assess the health of Australia's economy and labor market.
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: The Reserve Bank of Australia and other government agencies closely monitor this unemployment trend to inform monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The unemployment data is released monthly, with a slight delay, and may be subject to revisions based on updated survey responses.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Unemployment Male: From 15 to 64 Years for Australia (LFUN64MAAUA647S), retrieved from FRED.