Infra-Annual Labor Statistics: Labor Force Total: From 25 to 54 Years for Norway
LFAC25TTNOA647S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,936,450.00
Year-over-Year Change
7.93%
Date Range
1/1/2000 - 1/1/2024
Summary
This economic indicator tracks the total labor force in Norway for individuals aged 25 to 54 years. It provides insights into the size and composition of the working-age population, which is crucial for policymakers and economists analyzing employment trends.
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 Infra-Annual Labor Statistics: Labor Force Total: From 25 to 54 Years for Norway measures the number of people in Norway's labor force between the ages of 25 and 54. This demographic segment is considered the prime working-age population and is closely monitored to understand labor market dynamics and workforce participation.
Methodology
The data is collected through household surveys conducted by Norway's statistical agency.
Historical Context
This labor force trend is used by policymakers, economists, and analysts to assess the health of Norway's labor market and inform economic and employment policies.
Key Facts
- Norway's labor force for ages 25-54 was 2.05 million in 2022.
- The 25-54 age group accounts for over 60% of Norway's total labor force.
- Norway's labor force participation rate for ages 25-54 is among the highest in Europe.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total labor force in Norway for individuals aged 25 to 54 years, providing insights into the size and composition of the working-age population.
Q: Why is this trend relevant for users or analysts?
A: This labor force trend is crucial for policymakers and economists to assess the health of Norway's labor market and inform economic and employment policies.
Q: How is this data collected or calculated?
A: The data is collected through household surveys conducted by Norway's statistical agency.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers, economists, and analysts to understand labor market dynamics and workforce participation in Norway.
Q: Are there update delays or limitations?
A: The data is updated regularly by Norway's statistical agency, with minimal delays.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Labor Force Total: From 25 to 54 Years for Norway (LFAC25TTNOA647S), retrieved from FRED.