Infra-Annual Labor Statistics: Labor Force Total: From 15 to 64 Years for Norway
LFAC64TTNOQ647S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,891,347.00
Year-over-Year Change
2.64%
Date Range
1/1/2000 - 1/1/2025
Summary
The 'Infra-Annual Labor Statistics: Labor Force Total: From 15 to 64 Years for Norway' measures the size of Norway's working-age population and labor force participation, which are key economic indicators.
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 monthly data series from the OECD tracks the total labor force in Norway for individuals aged 15 to 64. It provides insights into the size and composition of the Norwegian workforce, which is crucial for policymakers and economists analyzing labor market trends.
Methodology
The data is collected through household and labor force surveys.
Historical Context
Policymakers use this trend to inform workforce and economic development strategies.
Key Facts
- Norway's labor force totaled 2.91 million in 2022.
- The labor force participation rate in Norway was 70.2% in 2022.
- Norway has one of the highest employment rates in the OECD.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total labor force in Norway for individuals aged 15 to 64, providing insights into the size and composition of the working-age population.
Q: Why is this trend relevant for users or analysts?
A: This trend is crucial for policymakers and economists analyzing labor market dynamics and workforce development in Norway.
Q: How is this data collected or calculated?
A: The data is collected through household and labor force surveys.
Q: How is this trend used in economic policy?
A: Policymakers use this trend to inform workforce and economic development strategies in Norway.
Q: Are there update delays or limitations?
A: The data is reported monthly, with a potential delay of a few weeks.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Labor Force Total: From 15 to 64 Years for Norway (LFAC64TTNOQ647S), retrieved from FRED.