Infra-Annual Labor Statistics: Employment Rate Total: 15 Years or over for Australia
LREMTTTTAUA156N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
64.19
Year-over-Year Change
3.96%
Date Range
1/1/1979 - 1/1/2024
Summary
The Employment Rate Total: 15 Years or over for Australia measures the percentage of the Australian population aged 15 and above who are employed. This key labor market indicator is closely watched by economists and policymakers to assess economic health and guide policy decisions.
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 Employment Rate Total tracks the share of the working-age population in Australia that is currently employed. It provides insight into the strength of the labor market and overall economic activity. This metric is used by analysts to evaluate employment trends, labor force participation, and the business cycle.
Methodology
The data is collected through national labor force surveys conducted by the Australian Bureau of Statistics.
Historical Context
Policymakers and central banks monitor this employment rate to inform monetary and fiscal policies aimed at promoting full employment and economic stability.
Key Facts
- Australia's employment rate averaged 62.4% from 1978 to 2022.
- The employment rate reached an all-time high of 63.6% in February 2020.
- Employment levels are a key driver of consumer spending and economic growth.
FAQs
Q: What does this economic trend measure?
A: The Infra-Annual Labor Statistics: Employment Rate Total: 15 Years or over for Australia measures the percentage of the working-age population that is currently employed.
Q: Why is this trend relevant for users or analysts?
A: This employment rate is a crucial indicator of labor market strength 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 national labor force surveys conducted by the Australian Bureau of Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and central banks monitor this employment rate to inform monetary and fiscal policies aimed at promoting full employment and economic stability.
Q: Are there update delays or limitations?
A: The employment rate data is published on a regular schedule by the Australian Bureau of Statistics, with some potential for minor delays in data release.
Related Trends
Infra-Annual Labor Statistics: Persons Outside the Labor Force Male: 15 Years or over for Australia
LFINTTMAAUA647N
Infra-Annual Registered Unemployment and Job Vacancies: Total Economy: Unfilled Vacancies for Australia
LMJVTTUVAUA647S
Infra-Annual Labor Statistics: Monthly Unemployment Rate Male: 25 Years or over for Australia
LRHUADMAAUM156S
Infra-Annual Labor Statistics: Working-Age Population Female: From 15 to 64 Years for Australia
LFWA64FEAUQ647S
Infra-Annual Labor Statistics: Employment Rate Female: From 15 to 64 Years for Australia
LREM64FEAUM156S
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Health for Australia
AUSCP060000IXOBQ
Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Employment Rate Total: 15 Years or over for Australia (LREMTTTTAUA156N), retrieved from FRED.