Infra-Annual Labor Statistics: Labor Force Total: From 15 to 24 Years for Norway
Quarterly, Seasonally Adjusted
LFAC24TTNOQ647S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
449,363.60
Year-over-Year Change
11.40%
Date Range
1/1/2000 - 1/1/2025
Summary
This series measures the quarterly, seasonally adjusted total labor force in the U.S. economy. It is a key economic indicator for analyzing labor market trends and informing policy decisions.
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 total labor force represents the sum of all employed and unemployed persons in the economy who are actively participating in the labor market. This metric is widely used by economists and policymakers to gauge the overall size and health of the U.S. workforce.
Methodology
The data is collected through the Current Population Survey, a monthly household survey conducted by the U.S. Census Bureau.
Historical Context
The total labor force statistic helps inform Federal Reserve monetary policy and Congressional fiscal policy decisions.
Key Facts
- The U.S. total labor force reached a record high of over 164 million in 2022.
- The labor force participation rate measures the active portion of the population employed or seeking work.
- Fluctuations in the total labor force reflect changes in population, employment, and economic conditions.
FAQs
Q: What does this economic trend measure?
A: This series measures the total number of people in the U.S. who are employed or actively seeking work, on a quarterly, seasonally adjusted basis.
Q: Why is this trend relevant for users or analysts?
A: The total labor force is a key indicator of the size and health of the U.S. workforce, which is crucial for economic analysis and policymaking.
Q: How is this data collected or calculated?
A: The data is collected through the monthly Current Population Survey conducted by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Changes in the total labor force help inform Federal Reserve monetary policy decisions and Congressional fiscal policy efforts.
Q: Are there update delays or limitations?
A: The labor force data is published on a quarterly basis with a short lag, providing timely information for policymakers and analysts.
Related Trends
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Infra-Annual Labor Statistics: Unemployment Rate Total: From 55 to 64 Years for Norway
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Producer Prices Index: Economic Activities: Mining and Quarrying Activities: Total for Norway
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Harmonized Index of Consumer Prices: Tobacco for Norway
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Citation
U.S. Federal Reserve, Quarterly, Seasonally Adjusted (LFAC24TTNOQ647S), retrieved from FRED.