Infra-Annual Labor Statistics: Labor Force Total: From 15 to 74 Years for Norway
LFAC74TTNOQ647N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3,000,100.00
Year-over-Year Change
2.81%
Date Range
4/1/1999 - 1/1/2025
Summary
This economic trend measures the total labor force in Norway for individuals aged 15 to 74 years. It provides important insights into workforce participation and labor market dynamics.
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 Norway tracks the total number of economically active individuals in the specified age range. This key labor market indicator is closely monitored by policymakers and analysts to assess employment trends and workforce composition.
Methodology
The data is collected through household surveys conducted by Statistics Norway.
Historical Context
This labor force statistic informs economic and workforce policy decisions in Norway.
Key Facts
- Norway's labor force totaled 2.8 million in 2022.
- The labor force participation rate in Norway is over 70%.
- Norway has one of the highest employment rates in Europe.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total labor force in Norway for individuals aged 15 to 74 years, providing insights into workforce participation and labor market dynamics.
Q: Why is this trend relevant for users or analysts?
A: This key labor market indicator is closely monitored by policymakers and analysts to assess employment trends and workforce composition in Norway.
Q: How is this data collected or calculated?
A: The data is collected through household surveys conducted by Statistics Norway.
Q: How is this trend used in economic policy?
A: This labor force statistic informs economic and workforce policy decisions in Norway.
Q: Are there update delays or limitations?
A: The data is published on an infra-annual basis, with potential for slight delays in availability.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Labor Force Total: From 15 to 74 Years for Norway (LFAC74TTNOQ647N), retrieved from FRED.