Infra-Annual Labor Statistics: Unemployment Rate Male: From 55 to 64 Years for Australia
LRUN55MAAUM156S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.26
Year-over-Year Change
-8.47%
Date Range
2/1/1978 - 4/1/2025
Summary
The Infra-Annual Labor Statistics: Unemployment Rate Male: From 55 to 64 Years for Australia measures the unemployment rate for Australian men aged 55 to 64. This data provides key insights into labor market dynamics for older male workers.
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 economic indicator tracks the percentage of Australian men aged 55 to 64 who are actively seeking work but unable to find employment. It is a vital metric for understanding labor force participation and employment trends among older male workers in the Australian economy.
Methodology
The data is collected through household surveys conducted by the Australian Bureau of Statistics.
Historical Context
Policymakers and economists use this trend to assess the labor market challenges facing older male workers and to inform employment policies.
Key Facts
- The unemployment rate for Australian men aged 55-64 was 3.6% in 2021.
- Australia has one of the highest labor force participation rates for older workers among OECD countries.
- Unemployment tends to be lower for older male workers compared to younger cohorts in Australia.
FAQs
Q: What does this economic trend measure?
A: This trend measures the unemployment rate for Australian men aged 55 to 64 years old. It provides insights into labor market dynamics and employment challenges facing older male workers.
Q: Why is this trend relevant for users or analysts?
A: This data is crucial for understanding labor force participation and employment trends among older male workers, which is essential for informing policymaking and labor market analysis.
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 trend to assess the labor market challenges facing older male workers and to inform employment policies aimed at supporting this demographic.
Q: Are there update delays or limitations?
A: The data is updated regularly by the Australian Bureau of Statistics, but there may be some delays in availability through the FRED database.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Unemployment Rate Male: From 55 to 64 Years for Australia (LRUN55MAAUM156S), retrieved from FRED.