Infra-Annual Labor Statistics: Labor Force Total: From 15 to 24 Years for Norway
Annual, Not Seasonally Adjusted
LFAC24TTNOA647N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
434,450.00
Year-over-Year Change
9.57%
Date Range
1/1/2000 - 1/1/2024
Summary
The 'Annual, Not Seasonally Adjusted' trend measures the total labor force for the U.S. adult civilian non-institutional population. This metric is crucial for analyzing labor market dynamics 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 represents the total civilian non-institutional population aged 16 and over that is either employed or actively seeking work. It is a widely-used indicator of the overall size and participation in the U.S. labor force.
Methodology
The data is collected through the U.S. Bureau of Labor Statistics' monthly Current Population Survey.
Historical Context
Policymakers and economists closely monitor this labor force trend to assess the health of the job market and broader economic conditions.
Key Facts
- The U.S. labor force totaled over 164 million people in 2022.
- Labor force participation rate was 62.2% as of December 2022.
- The labor force has grown by over 13 million since the COVID-19 pandemic low in 2020.
FAQs
Q: What does this economic trend measure?
A: The 'Annual, Not Seasonally Adjusted' metric tracks the total size of the U.S. civilian labor force, including both employed and unemployed individuals actively seeking work.
Q: Why is this trend relevant for users or analysts?
A: This labor force data is a crucial indicator of economic health and workforce participation, providing insights that inform policy decisions and market analysis.
Q: How is this data collected or calculated?
A: The data is gathered through the U.S. Bureau of Labor Statistics' monthly Current Population Survey of households.
Q: How is this trend used in economic policy?
A: Policymakers and economists closely monitor labor force trends to assess the strength of the job market and broader economic conditions, informing decisions on monetary and fiscal policies.
Q: Are there update delays or limitations?
A: The labor force data is released monthly with a slight delay, and may be subject to revisions as additional information becomes available.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (LFAC24TTNOA647N), retrieved from FRED.