Infra-Annual Labor Statistics: Inactivity Rate Male: 15 Years or over for Australia
LRINTTMAAUA156N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
28.99
Year-over-Year Change
2.52%
Date Range
1/1/1979 - 1/1/2024
Summary
The Infra-Annual Labor Statistics: Inactivity Rate Male: 15 Years or over for Australia measures the percentage of Australian men aged 15 and older who are not participating in the labor force. This metric provides important insights into labor market trends and dynamics.
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
This statistic represents the share of Australian men aged 15 and above who are not actively employed or seeking work. It is a key indicator of labor force participation and can help analysts understand broader trends in the Australian economy and labor market.
Methodology
The data is collected through household surveys by the Australian Bureau of Statistics.
Historical Context
Policymakers and economists use this metric to evaluate the health and utilization of the Australian labor force.
Key Facts
- Australian male inactivity rate averages around 25%.
- Inactivity rate is higher for older men nearing retirement.
- Metric has shown gradual decline over past decade.
FAQs
Q: What does this economic trend measure?
A: This metric measures the percentage of Australian men aged 15 and older who are not participating in the labor force, either by being employed or actively seeking work.
Q: Why is this trend relevant for users or analysts?
A: The male inactivity rate is a key indicator of labor force participation and can provide insights into broader economic and demographic trends in Australia.
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: Policymakers and economists use this metric to evaluate the health and utilization of the Australian labor force, which can inform decisions around employment, education, and social policies.
Q: Are there update delays or limitations?
A: The data is published on an infra-annual basis, so there may be some delays in the most recent updates. Additionally, the metric only covers men and may not reflect the full labor force participation picture.
Related Trends
Number of Identified Exporters to Australia from Hawaii
HIAUSA475SCEN
Population ages 65 and above for Australia
SPPOP65UPTOZSAUS
Liquid Assets to Deposits and Short Term Funding for Australia
DDSI06AUA156NWDB
Infra-Annual Labor Statistics: Working-Age Population Male: From 15 to 64 Years for Australia
LFWA64MAAUM647N
Sales: Retail Trade: Total Retail Trade: Volume for Australia
SLRTTO01AUQ189S
Infra-Annual Labor Statistics: Labor Force Male: 15 Years or over for Australia
LFACTTMAAUA647N
Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Inactivity Rate Male: 15 Years or over for Australia (LRINTTMAAUA156N), retrieved from FRED.