Infra-Annual Labor Statistics: Labor Force Total: From 15 to 74 Years for Norway
Annual, Seasonally Adjusted
LFAC74TTNOA647S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3,009,250.00
Year-over-Year Change
11.57%
Date Range
1/1/2000 - 1/1/2024
Summary
This series measures the annual civilian labor force participation rate for the United States, seasonally adjusted. It is a key economic indicator that provides insights into the size and composition of the U.S. labor force.
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 civilian labor force participation rate represents the percentage of the civilian non-institutional population that is either employed or actively seeking employment. This metric is closely watched by policymakers and economists to assess labor market trends and dynamics.
Methodology
The data is collected through the Current Population Survey (CPS), a monthly household survey conducted by the U.S. Census Bureau on behalf of the Bureau of Labor Statistics.
Historical Context
The labor force participation rate is used to evaluate the health and utilization of the U.S. labor market, informing economic and policy decisions.
Key Facts
- The U.S. labor force participation rate reached a peak of 67.3% in 2000.
- Participation rates have declined since the early 2000s, largely due to population aging and other structural factors.
- The labor force participation rate is a leading indicator of the overall health of the U.S. economy.
FAQs
Q: What does this economic trend measure?
A: This series measures the annual civilian labor force participation rate for the United States, which represents the percentage of the working-age population that is either employed or actively seeking employment.
Q: Why is this trend relevant for users or analysts?
A: The labor force participation rate is a crucial indicator of the health and utilization of the U.S. labor market, providing insights into the size and composition of the workforce. It informs economic and policy decisions.
Q: How is this data collected or calculated?
A: The data is collected through the Current Population Survey (CPS), a monthly household survey conducted by the U.S. Census Bureau on behalf of the Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: The labor force participation rate is closely monitored by policymakers and economists to assess labor market trends and dynamics, which in turn informs economic and policy decisions.
Q: Are there update delays or limitations?
A: The labor force participation rate data is updated monthly, with a typical release lag of around one month.
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Citation
U.S. Federal Reserve, Annual, Seasonally Adjusted (LFAC74TTNOA647S), retrieved from FRED.