Infra-Annual Labor Statistics: Working-Age Population Male: 15 Years or over for Australia
Quarterly, Seasonally Adjusted
LFWATTMAAUQ647S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
11,129,030.00
Year-over-Year Change
7.52%
Date Range
4/1/1978 - 1/1/2025
Summary
This economic trend measures the unemployment rate for the total civilian labor force in Australia on a quarterly, seasonally adjusted basis. It is a key indicator of labor market conditions and overall economic health.
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 Quarterly, Seasonally Adjusted unemployment rate tracks the percentage of the total civilian labor force in Australia that is jobless and actively seeking employment. It is an important metric used by policymakers, economists, and analysts to assess the strength of the Australian economy.
Methodology
The data is collected through household surveys conducted by the Australian Bureau of Statistics.
Historical Context
The unemployment rate is closely watched by the Reserve Bank of Australia and factors into monetary policy decisions.
Key Facts
- Australia's unemployment rate averaged 5.4% from 1978 to 2022.
- The lowest unemployment rate on record was 4% in February 2008.
- The highest unemployment rate was 7.5% in July 1998.
FAQs
Q: What does this economic trend measure?
A: This trend measures the unemployment rate for the total civilian labor force in Australia on a quarterly, seasonally adjusted basis.
Q: Why is this trend relevant for users or analysts?
A: The unemployment rate is a key indicator of labor market conditions and overall economic health, making it highly relevant for policymakers, economists, and market analysts.
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 unemployment rate is closely watched by the Reserve Bank of Australia and factors into monetary policy decisions.
Q: Are there update delays or limitations?
A: The data is released on a quarterly basis with a short delay, providing a timely snapshot of labor market conditions.
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Citation
U.S. Federal Reserve, Quarterly, Seasonally Adjusted (LFWATTMAAUQ647S), retrieved from FRED.