Infra-Annual Labor Statistics: Working-Age Population Total: From 15 to 64 Years for Norway
Quarterly, Seasonally Adjusted
LFWA64TTNOQ647S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3,604,655.00
Year-over-Year Change
2.91%
Date Range
1/1/2000 - 1/1/2025
Summary
This economic trend measures the total labor force of the United States on a quarterly, seasonally adjusted basis. It is a key indicator of the size and dynamics of the U.S. 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 is defined as the total number of employed and unemployed individuals who are actively participating in the economy. This data series provides a comprehensive view of the working-age population and is widely used by economists and policymakers to analyze labor market trends.
Methodology
The data is collected through the Current Population Survey (CPS), a monthly household survey conducted by the U.S. Census Bureau.
Historical Context
The labor force trend is crucial for informing economic and workforce development policies.
Key Facts
- The U.S. labor force totaled over 164 million people in 2022.
- The labor force participation rate was 62.2% in 2022.
- The unemployment rate was 3.5% in 2022.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total size of the U.S. labor force, including both employed and unemployed individuals, on a quarterly and seasonally adjusted basis.
Q: Why is this trend relevant for users or analysts?
A: The labor force trend is a crucial indicator of the overall health and dynamics of the U.S. labor market, providing insights into employment, unemployment, and workforce participation.
Q: How is this data collected or calculated?
A: The data is collected through the monthly Current Population Survey (CPS) conducted by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: The labor force trend is used by policymakers, economists, and analysts to inform decisions and policies related to employment, economic growth, and workforce development.
Q: Are there update delays or limitations?
A: The labor force data is published on a quarterly basis with a delay of approximately one month.
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Citation
U.S. Federal Reserve, Quarterly, Seasonally Adjusted (LFWA64TTNOQ647S), retrieved from FRED.