Infra-Annual Labor Statistics: Labor Force Total: From 15 to 24 Years for Norway
Annual, Seasonally Adjusted
LFAC24TTNOA647S • 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
This economic trend measures the annual, seasonally adjusted labor force participation rate in the United States. It provides important insights into the overall size and composition of the U.S. labor market.
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
The labor force participation rate represents the percentage of the civilian non-institutional population aged 16 and over that is employed or actively seeking work. It is a key indicator used by economists and policymakers to analyze workforce trends and labor market dynamics.
Methodology
The data is collected through the U.S. Census Bureau's Current Population Survey and seasonally adjusted by the Bureau of Labor Statistics.
Historical Context
Policymakers monitor this metric to gauge the health of the labor market and inform decisions around employment, fiscal, and monetary policies.
Key Facts
- The U.S. labor force participation rate was 62.1% in 2022.
- The rate has declined from a peak of 67.3% in 2000.
- Participation varies by demographic factors like age and gender.
FAQs
Q: What does this economic trend measure?
A: This trend measures the percentage of the civilian non-institutional population aged 16 and over that is employed or actively seeking work in the United States.
Q: Why is this trend relevant for users or analysts?
A: The labor force participation rate is a key indicator used by economists and policymakers to analyze the overall health and dynamics of the U.S. labor market.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Census Bureau's Current Population Survey and seasonally adjusted by the Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers monitor this metric to gauge the health of the labor market and inform decisions around employment, fiscal, and monetary policies.
Q: Are there update delays or limitations?
A: The data is released monthly with a lag, and may be subject to revisions by the statistical agencies over time.
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Citation
U.S. Federal Reserve, Annual, Seasonally Adjusted (LFAC24TTNOA647S), retrieved from FRED.