Infra-Annual Labor Statistics: Persons Outside the Labor Force Total: From 15 to 64 Years for Norway
LFIN64TTNOQ647S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
713,307.90
Year-over-Year Change
3.99%
Date Range
1/1/2000 - 1/1/2025
Summary
This economic trend measures the total number of persons outside the labor force in Norway between the ages of 15 and 64. It provides insights into labor market participation and workforce 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: Persons Outside the Labor Force Total: From 15 to 64 Years for Norway' data series tracks the number of individuals in Norway's working-age population who are not actively employed or seeking employment. This metric is used by economists and policymakers to analyze labor market conditions and workforce engagement.
Methodology
The data is collected through household surveys conducted by Statistics Norway.
Historical Context
This trend is relevant for understanding labor market trends and informing economic policies aimed at increasing workforce participation.
Key Facts
- Norway's working-age population is defined as those aged 15 to 64 years.
- The data is reported on an infra-annual (more frequent than annual) basis.
- Tracking persons outside the labor force provides insights into labor market dynamics.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of persons in Norway between the ages of 15 and 64 who are not actively employed or seeking employment.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into labor market participation and workforce dynamics, which are important for economic analysis and policymaking.
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 trend is used by economists and policymakers to analyze labor market conditions and inform policies aimed at increasing workforce participation.
Q: Are there update delays or limitations?
A: The data is reported on an infra-annual basis, providing more frequent updates than annual data.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Persons Outside the Labor Force Total: From 15 to 64 Years for Norway (LFIN64TTNOQ647S), retrieved from FRED.