Infra-Annual Labor Statistics: Working-Age Population Total: From 55 to 64 Years for Norway
Quarterly, Not Seasonally Adjusted
LFWA55TTNOQ647N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
696,100.00
Year-over-Year Change
6.11%
Date Range
4/1/1999 - 1/1/2025
Summary
This economic trend measures the civilian labor force participation rate for the United States on a quarterly, not seasonally adjusted basis. 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 civilian labor force participation rate represents the proportion of the civilian noninstitutional population that is either employed or actively seeking employment. This key metric is closely monitored by economists and policymakers to assess the health and utilization of the U.S. labor force.
Methodology
The data is collected through the Current Population Survey conducted by the U.S. Census Bureau on behalf of the Bureau of Labor Statistics.
Historical Context
The labor force participation rate is a crucial input for economic analysis and policy decisions related to employment, growth, and workforce trends.
Key Facts
- The U.S. civilian labor force participation rate averaged 62.2% in 2022.
- Participation rates are lower among older adults and those with disabilities.
- Labor force participation has declined since the early 2000s due to demographic shifts.
FAQs
Q: What does this economic trend measure?
A: This trend measures the civilian labor force participation rate, which represents the proportion of the civilian population that is either employed or actively seeking work.
Q: Why is this trend relevant for users or analysts?
A: The labor force participation rate is a key indicator of workforce engagement and labor market dynamics, providing important insights for economic analysis and policy decisions.
Q: How is this data collected or calculated?
A: The data is collected through the Current Population 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 economists and policymakers to assess the health and utilization of the U.S. labor force, informing decisions related to employment, growth, and workforce trends.
Q: Are there update delays or limitations?
A: The data is released on a quarterly basis, with a typical lag of several weeks following the end of the reference period.
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Citation
U.S. Federal Reserve, Quarterly, Not Seasonally Adjusted (LFWA55TTNOQ647N), retrieved from FRED.