Infra-Annual Labor Statistics: Unemployment Rate Total: From 55 to 64 Years for Australia
LRUN55TTAUM156S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.27
Year-over-Year Change
-3.76%
Date Range
2/1/1978 - 4/1/2025
Summary
The Infra-Annual Labor Statistics: Unemployment Rate Total: From 55 to 64 Years for Australia measures the unemployment rate for Australians aged 55 to 64. This metric provides important insights into labor force participation and economic conditions for older 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 series tracks the unemployment rate for Australians aged 55 to 64, a key demographic for understanding the health of the Australian labor market. The data is used by policymakers and economists to analyze workforce trends and the economic security of older individuals.
Methodology
The data is collected through regular labor force surveys conducted by the Australian Bureau of Statistics.
Historical Context
This unemployment rate statistic is closely monitored by the Reserve Bank of Australia and other government agencies to inform economic and social policies.
Key Facts
- Australia's unemployment rate for ages 55-64 was 3.3% in 2021.
- The unemployment rate for this age group has declined over the past decade.
- Older workers' labor force participation has increased in Australia in recent years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the unemployment rate for Australians aged 55 to 64 years old, providing insights into the labor force participation and economic conditions for older workers in Australia.
Q: Why is this trend relevant for users or analysts?
A: This unemployment rate statistic is an important indicator for policymakers, economists, and labor market analysts to understand workforce trends and the economic security of older individuals in Australia.
Q: How is this data collected or calculated?
A: The data is collected through regular labor force surveys conducted by the Australian Bureau of Statistics.
Q: How is this trend used in economic policy?
A: This unemployment rate for older workers is closely monitored by the Reserve Bank of Australia and other government agencies to inform economic and social policies.
Q: Are there update delays or limitations?
A: The data is published on a regular schedule by the Australian Bureau of Statistics, with potential for minor delays due to survey collection and processing.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Unemployment Rate Total: From 55 to 64 Years for Australia (LRUN55TTAUM156S), retrieved from FRED.