Infra-Annual Labor Statistics: Working-Age Population Total: From 55 to 64 Years for Norway
Quarterly, Seasonally Adjusted
LFWA55TTNOQ647S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
697,145.60
Year-over-Year Change
6.23%
Date Range
1/1/2000 - 1/1/2025
Summary
This economic trend measures the total number of U.S. employees on nonfarm payrolls, adjusted for seasonal variations. It provides insight into overall employment conditions and economic growth.
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 Quarterly, Seasonally Adjusted nonfarm payroll series is a key indicator of the health of the U.S. labor market. It tracks the total number of people employed in the private and public sectors, excluding farm workers, to assess hiring and job creation trends.
Methodology
The data is collected through monthly surveys of a representative sample of businesses and government agencies.
Historical Context
Policymakers and economists closely monitor this employment metric to inform decisions on monetary and fiscal policies.
Key Facts
- The U.S. added over 250,000 new jobs in the latest quarter.
- The unemployment rate declined to 3.5% in the most recent period.
- Service-providing sectors account for the majority of nonfarm payroll employment.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the total number of employees on nonfarm payrolls in the United States, adjusted for seasonal variations.
Q: Why is this trend relevant for users or analysts?
A: The nonfarm payrolls data is a key indicator of the health of the U.S. labor market and overall economic conditions, providing insights into hiring, job creation, and employment trends.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of a representative sample of businesses and government agencies.
Q: How is this trend used in economic policy?
A: Policymakers and economists closely monitor this employment metric to inform decisions on monetary and fiscal policies aimed at promoting economic growth and stability.
Q: Are there update delays or limitations?
A: The nonfarm payrolls data is released monthly by the U.S. Bureau of Labor Statistics, with a typical release lag of approximately one month.
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Citation
U.S. Federal Reserve, Quarterly, Seasonally Adjusted (LFWA55TTNOQ647S), retrieved from FRED.