Infra-Annual Labor Statistics: Unemployment Rate Male: From 25 to 54 Years for Australia
LRUN25MAAUA156N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.92
Year-over-Year Change
-23.09%
Date Range
1/1/1979 - 1/1/2024
Summary
The Unemployment Rate Male: From 25 to 54 Years for Australia is a key labor market indicator that tracks the percentage of Australian men aged 25 to 54 who are jobless but actively seeking and available for work.
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 provides insights into the employment status of a crucial demographic within the Australian workforce. Economists and policymakers closely monitor this metric to assess the overall health of the labor market and inform policies aimed at promoting full employment.
Methodology
The data is collected through household surveys conducted by the Australian Bureau of Statistics.
Historical Context
This unemployment rate is used to gauge the effectiveness of economic and labor market policies in Australia.
Key Facts
- The unemployment rate for Australian men aged 25-54 was 4.9% as of the latest data.
- This demographic accounts for a significant portion of the Australian labor force.
- Monitoring this metric helps policymakers understand the employment challenges facing prime-age workers.
FAQs
Q: What does this economic trend measure?
A: This trend measures the percentage of Australian men aged 25 to 54 who are unemployed and actively seeking work.
Q: Why is this trend relevant for users or analysts?
A: This unemployment rate is a crucial indicator of labor market health and the economic well-being of a key demographic within the Australian workforce.
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 assess the effectiveness of labor market policies and inform decisions aimed at promoting full employment.
Q: Are there update delays or limitations?
A: The data is updated regularly by the Australian Bureau of Statistics, but there may be some delay in the availability of the most recent figures.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Unemployment Rate Male: From 25 to 54 Years for Australia (LRUN25MAAUA156N), retrieved from FRED.