Population (LFS Basis): All Ages: Males for Norway
Annual, Seasonally Adjusted
LFPOTTMANOA647S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,929,025.00
Year-over-Year Change
19.93%
Date Range
1/1/2000 - 1/1/2013
Summary
The 'Labor Force Participation Rate - Total (Seasonally Adjusted)' tracks the percentage of the civilian noninstitutional population that is either employed or actively seeking work. This metric provides insight into the overall health and utilization 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 labor force participation rate is a key indicator of economic activity and workforce engagement. It represents the share of the working-age population that is employed or seeking employment, offering valuable insights into labor market dynamics and trends.
Methodology
The data is collected through the Current Population Survey, a monthly household survey conducted by the U.S. Census Bureau on behalf of the Bureau of Labor Statistics.
Historical Context
Policymakers and economists closely monitor the labor force participation rate to assess the strength of the labor market and inform economic and workforce development strategies.
Key Facts
- The U.S. labor force participation rate has declined from a high of 67.3% in 2000 to 61.6% as of 2022.
- Participation rates are typically lower for older workers and higher for prime-working-age adults.
- Changes in the labor force participation rate can influence measures like the unemployment rate and economic growth.
FAQs
Q: What does the labor force participation rate measure?
A: The labor force participation rate measures the percentage of the civilian noninstitutional population that is either employed or actively seeking work.
Q: Why is the labor force participation rate relevant for users or analysts?
A: The labor force participation rate provides important insights into the overall health and utilization of the U.S. labor market, which is crucial for economic policymaking and business decision-making.
Q: How is the labor force participation rate data collected or calculated?
A: The data is collected through the monthly Current Population Survey, a household survey conducted by the U.S. Census Bureau on behalf of the Bureau of Labor Statistics.
Q: How is the labor force participation rate used in economic policy?
A: Policymakers and economists closely monitor the labor force participation rate to assess the strength of the labor market and inform economic and workforce development strategies.
Q: Are there any update delays or limitations with this data?
A: The labor force participation rate data is released monthly with the Bureau of Labor Statistics' Employment Situation report, with a typical delay of about one month.
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Citation
U.S. Federal Reserve, Labor Force Participation Rate - Total (Seasonally Adjusted) (LFPOTTMANOA647S), retrieved from FRED.