Infra-Annual Labor Statistics: Working-Age Population Total: From 55 to 64 Years for Norway
Annual, Seasonally Adjusted
LFWA55TTNOA647S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
688,775.00
Year-over-Year Change
16.47%
Date Range
1/1/2000 - 1/1/2024
Summary
The 'Annual, Seasonally Adjusted' economic trend measures the annual, seasonally adjusted labor force participation rate in the United States. This metric is a key indicator of labor market health and economic activity.
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 represents the share of the working-age population that is employed or actively seeking work. Economists and policymakers closely monitor this metric to understand trends in the size and composition of the labor force.
Methodology
The data is collected through the Current Population Survey administered by the U.S. Census Bureau.
Historical Context
The labor force participation rate informs economic and workforce policies at the federal, state, and local levels.
Key Facts
- The U.S. labor force participation rate was 62.4% in 2022.
- Participation rates are typically lower for older workers and those with disabilities.
- The labor force participation rate reached a high of 67.3% in 2000.
FAQs
Q: What does this economic trend measure?
A: The 'Annual, Seasonally Adjusted' trend measures the percentage of the working-age population that is employed or actively seeking work in the United States.
Q: Why is this trend relevant for users or analysts?
A: The labor force participation rate is a key indicator of the health and size of the U.S. labor market, providing important insights for economic and workforce policies.
Q: How is this data collected or calculated?
A: The data is collected through the Current Population Survey administered by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: The labor force participation rate informs policy decisions at the federal, state, and local levels, including workforce development programs and economic stimulus measures.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-month delay, and may be subject to revisions as more information becomes available.
Related Trends
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CP0113NOM086NEST
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Communication for Norway
NORCP080000GYQ
Population (LFS Basis): All Ages: Females for Norway
LFPOTTFENOA647N
Infra-Annual Labor Statistics: Employment Male: From 15 to 74 Years for Norway
LFEM74MANOQ647N
Private Credit by Deposit Money Banks to GDP for Norway
DDDI01NOA156NWDB
Consumer Price Index: OECD Groups: All Items Non-Food Non-Energy: Total for Norway
CPGRLE01NOM657N
Citation
U.S. Federal Reserve, Annual, Seasonally Adjusted (LFWA55TTNOA647S), retrieved from FRED.