Infra-Annual Labor Statistics: Labor Force Total: From 15 to 74 Years for Denmark
LFAC74TTDKQ647S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3,274,068.00
Year-over-Year Change
6.74%
Date Range
1/1/1999 - 1/1/2025
Summary
This economic indicator tracks the total labor force in Denmark for individuals aged 15 to 74 years old. It provides important insights into the size and composition of the working-age population, which is crucial for economic planning and 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 Infra-Annual Labor Statistics: Labor Force Total: From 15 to 74 Years for Denmark represents the total number of economically active individuals in Denmark within the 15 to 74 age range. This data is widely used by economists, policymakers, and labor market analysts to understand labor supply, workforce participation, and demographic trends.
Methodology
The data is collected through household surveys conducted by national statistical agencies.
Historical Context
This labor force statistic is relevant for evaluating the overall health of the Danish economy and informing policies related to employment, social welfare, and economic growth.
Key Facts
- Denmark's labor force totaled over 3 million in 2021.
- The labor force participation rate for 15-74 year-olds in Denmark was 75.3% in 2021.
- Women make up approximately 47% of Denmark's total labor force.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total labor force in Denmark for individuals aged 15 to 74 years old, 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 statistic is crucial for evaluating the overall health of the Danish economy and informing policies related to employment, social welfare, and economic growth.
Q: How is this data collected or calculated?
A: The data is collected through household surveys conducted by national statistical agencies.
Q: How is this trend used in economic policy?
A: This labor force data is used by economists, policymakers, and labor market analysts to understand labor supply, workforce participation, and demographic trends, which inform economic and social policies.
Q: Are there update delays or limitations?
A: The data is published on an infra-annual (more frequent than annual) 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 74 Years for Denmark (LFAC74TTDKQ647S), retrieved from FRED.