Infra-Annual Labor Statistics: Working-Age Population Male: 15 Years or over for Australia
LFWATTMAAUA647N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
11,003,610.00
Year-over-Year Change
21.47%
Date Range
1/1/1978 - 1/1/2024
Summary
This trend measures the working-age male population aged 15 and over in Australia. It provides insights into labor force dynamics and demographic changes.
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 male population is a key indicator for labor market analysis and workforce planning. This data series tracks the total number of males aged 15 and above who are considered part of the working-age population in Australia.
Methodology
The data is collected through national labor force surveys conducted by the Australian Bureau of Statistics.
Historical Context
This metric is used by policymakers, economists, and labor market analysts to assess labor supply and inform economic and social policies.
Key Facts
- Australia's working-age male population is over 8 million.
- The working-age male population has grown by 10% over the past decade.
- This metric is a key input for labor force participation and unemployment rate calculations.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of males aged 15 and over who are considered part of the working-age population in Australia.
Q: Why is this trend relevant for users or analysts?
A: This metric is crucial for understanding labor force dynamics, workforce planning, and demographic changes in the Australian economy.
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: Policymakers, economists, and labor market analysts use this metric to assess labor supply and inform economic and social policies.
Q: Are there update delays or limitations?
A: The data is published on a regular schedule by the Australian Bureau of Statistics, with minimal update delays.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Working-Age Population Male: 15 Years or over for Australia (LFWATTMAAUA647N), retrieved from FRED.