Infra-Annual Labor Statistics: Unemployment Rate Total: From 25 to 54 Years for Australia
Quarterly, Not Seasonally Adjusted
LRUN25TTAUQ156N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.38
Year-over-Year Change
-3.67%
Date Range
4/1/1978 - 1/1/2025
Summary
The Quarterly, Not Seasonally Adjusted economic trend measures the unemployment rate in Australia on a quarterly basis without seasonal adjustments. This provides a raw, unfiltered view of labor market conditions.
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 unemployment rate series represents the percentage of the Australian labor force that is jobless, based on a household survey. It is a key indicator of economic health and is closely monitored by policymakers and analysts.
Methodology
The data is collected through the Australian Bureau of Statistics' Labor Force Survey.
Historical Context
The unemployment rate is a vital statistic for guiding economic and labor market policies.
Key Facts
- Australia's unemployment rate peaked at 7.5% in 2020.
- The unemployment rate has steadily declined since 2021.
- Women have a slightly higher unemployment rate than men in Australia.
FAQs
Q: What does this economic trend measure?
A: This trend measures the percentage of the Australian labor force that is unemployed on a quarterly basis, without seasonal adjustments.
Q: Why is this trend relevant for users or analysts?
A: The unemployment rate is a critical indicator of the health of the labor market and broader economy. Policymakers and analysts closely monitor this trend to guide economic and employment policies.
Q: How is this data collected or calculated?
A: The data is collected through the Australian Bureau of Statistics' Labor Force Survey.
Q: How is this trend used in economic policy?
A: The unemployment rate is a key input for monetary and fiscal policies aimed at promoting full employment and economic stability.
Q: Are there update delays or limitations?
A: The data is published on a quarterly basis, with a slight delay for data collection and processing.
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Citation
U.S. Federal Reserve, Quarterly, Not Seasonally Adjusted (LRUN25TTAUQ156N), retrieved from FRED.