Infra-Annual Labor Statistics: Labor Force Total: From 15 to 24 Years for Norway
LFAC24TTNOQ647N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
437,100.00
Year-over-Year Change
11.31%
Date Range
4/1/1999 - 1/1/2025
Summary
The 'Infra-Annual Labor Statistics: Labor Force Total: From 15 to 24 Years for Norway' measures the total labor force aged 15 to 24 in Norway. This key indicator provides insight into youth employment and workforce participation.
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 trend represents the size of the Norwegian labor force between the ages of 15 and 24. It is a valuable metric for understanding labor market dynamics and evaluating policies aimed at youth employment and education.
Methodology
The data is collected through household surveys conducted by Statistics Norway.
Historical Context
Policymakers and labor market analysts use this trend to inform workforce development strategies and youth employment initiatives.
Key Facts
- Norway's labor force aged 15-24 was over 700,000 as of the latest data.
- Youth labor force participation rate in Norway is among the highest in Europe.
- The 15-24 age group accounts for around 13% of Norway's total labor force.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of individuals aged 15 to 24 who are actively employed or seeking work in Norway's labor force.
Q: Why is this trend relevant for users or analysts?
A: This trend provides valuable insights into youth employment and workforce participation, which are key factors for policymakers and labor market analysts in Norway.
Q: How is this data collected or calculated?
A: The data is collected through household surveys conducted by Statistics Norway.
Q: How is this trend used in economic policy?
A: Policymakers and labor market analysts use this trend to inform workforce development strategies and youth employment initiatives in Norway.
Q: Are there update delays or limitations?
A: The data is updated on a regular basis, but there may be some delay in the release of the latest figures.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Labor Force Total: From 15 to 24 Years for Norway (LFAC24TTNOQ647N), retrieved from FRED.