Infra-Annual Labor Statistics: Working-Age Population Total: From 15 to 64 Years for Norway
Annual, Not Seasonally Adjusted
LFWA64TTNOA647N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3,590,575.00
Year-over-Year Change
8.54%
Date Range
1/1/2000 - 1/1/2024
Summary
This economic trend measures the annual, not seasonally adjusted labor force participation rate for the U.S. This metric is a key indicator of the overall strength and health of the labor market.
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 tracks the percentage of the civilian noninstitutional population that is either employed or actively seeking work. It is a fundamental measure of labor market dynamics and an important input for economic analysis and policymaking.
Methodology
The data is collected through the U.S. Bureau of Labor Statistics' monthly Current Population Survey.
Historical Context
The labor force participation rate is closely monitored by the Federal Reserve and other policymakers to assess the state of the economy and guide monetary and fiscal policy decisions.
Key Facts
- The U.S. labor force participation rate peaked at 67.3% in 2000.
- Participation rates are lower for women than men across all age groups.
- Aging demographics are a key driver of the long-term decline in participation.
FAQs
Q: What does this economic trend measure?
A: The annual, not seasonally adjusted labor force participation rate tracks the percentage of the civilian population that is 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 the overall strength and health of the labor market, providing important insights for economic analysis and policymaking.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Bureau of Labor Statistics' monthly Current Population Survey.
Q: How is this trend used in economic policy?
A: The labor force participation rate is closely monitored by the Federal Reserve and other policymakers to assess the state of the economy and guide monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The data is published monthly with a short lag, providing timely insights into labor market trends.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (LFWA64TTNOA647N), retrieved from FRED.