Infra-Annual Labor Statistics: Unemployment Rate Male: From 15 to 24 Years for Australia
LRUN24MAAUQ156S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
10.14
Year-over-Year Change
-1.60%
Date Range
4/1/1978 - 1/1/2025
Summary
The Infra-Annual Labor Statistics: Unemployment Rate Male: From 15 to 24 Years for Australia measures the unemployment rate for young men in Australia on a frequent, intra-annual basis. This metric is critical for monitoring labor market trends and informing economic policies.
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 series tracks the unemployment rate specifically for Australian males aged 15 to 24 years old. It provides more granular, frequent data compared to annual employment reports, enabling researchers and policymakers to respond quickly to changes in youth labor market conditions.
Methodology
The data is collected through household surveys conducted by the Australian Bureau of Statistics.
Historical Context
This trend is closely watched by the Reserve Bank of Australia and other government agencies to assess the health of the Australian labor market.
Key Facts
- Australia's youth unemployment rate is currently 10.3%.
- Young men have a higher unemployment rate than young women in Australia.
- Unemployment for 15-24 year olds is double the national average in Australia.
FAQs
Q: What does this economic trend measure?
A: This trend measures the unemployment rate specifically for Australian males aged 15 to 24 years old on a frequent, intra-annual basis.
Q: Why is this trend relevant for users or analysts?
A: This granular, timely data on youth unemployment is critical for monitoring labor market conditions and informing economic policies 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: This trend is closely watched by the Reserve Bank of Australia and other government agencies to assess the health of the Australian labor market.
Q: Are there update delays or limitations?
A: The data is released on a frequent, intra-annual basis, providing timely insight into youth unemployment trends.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Unemployment Rate Male: From 15 to 24 Years for Australia (LRUN24MAAUQ156S), retrieved from FRED.