Infra-Annual Labor Statistics: Working-Age Population Female: From 55 to 64 Years for Australia
LFWA55FEAUA647S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,568,349.00
Year-over-Year Change
19.91%
Date Range
1/1/1979 - 1/1/2024
Summary
This economic trend measures the working-age population of females aged 55 to 64 in Australia. It provides insights into labor force participation and demographic shifts that are crucial for 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 working-age population female trend from 55 to 64 years in Australia represents the size and composition of the labor force, which is a key determinant of economic growth and productivity. Economists and policymakers use this data to analyze labor market dynamics and inform workforce development strategies.
Methodology
This data is collected through household surveys conducted by the Australian Bureau of Statistics.
Historical Context
Trends in the working-age population are closely monitored by policymakers to understand labor market conditions and inform economic and social policies.
Key Facts
- The working-age population female (55-64) in Australia was 1.4 million in 2021.
- This age group accounts for 12.5% of the total working-age population in Australia.
- Labor force participation for women aged 55-64 has increased from 46% in 2001 to 65% in 2021.
FAQs
Q: What does this economic trend measure?
A: This trend measures the size and composition of the working-age population of females aged 55 to 64 in Australia. It provides insights into labor force participation and demographic shifts.
Q: Why is this trend relevant for users or analysts?
A: This trend is crucial for economists and policymakers to understand labor market dynamics, workforce participation, and demographic changes that can inform economic and social policies.
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: Trends in the working-age population are closely monitored by policymakers to understand labor market conditions and inform workforce development strategies and economic policies.
Q: Are there update delays or limitations?
A: The data is updated regularly by the Australian Bureau of Statistics, but may be subject to delays or sampling limitations inherent in household survey collection.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Working-Age Population Female: From 55 to 64 Years for Australia (LFWA55FEAUA647S), retrieved from FRED.