Infra-Annual Labor Statistics: Working-Age Population Total: From 15 to 74 Years for Norway
Annual, Not Seasonally Adjusted
LFWA74TTNOA647N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4,141,475.00
Year-over-Year Change
10.82%
Date Range
1/1/2000 - 1/1/2024
Summary
This economic trend measures the annual, not seasonally adjusted labor force participation rate in the United States. It is a key indicator of the size and composition of the U.S. workforce.
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 percentage of the civilian noninstitutional population aged 16 and over that is either employed or actively seeking work. This metric is closely monitored by economists and policymakers to assess labor market conditions and workforce dynamics.
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 used to inform employment and economic policies.
Key Facts
- The U.S. labor force participation rate was 62.2% in 2021.
- The participation rate for women was 57.0% in 2021.
- Participation rates vary by age, with higher rates among prime-working-age adults.
FAQs
Q: What does this economic trend measure?
A: This trend measures the annual, not seasonally adjusted labor force participation rate in the United States, which represents the percentage of the civilian population aged 16 and over 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 workforce dynamics and labor market conditions, providing insights that are valuable for economic policymaking and analysis.
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 used by economists and policymakers to inform employment and economic policies aimed at promoting workforce participation and addressing labor market conditions.
Q: Are there update delays or limitations?
A: The data is released monthly by the Bureau of Labor Statistics, with a typical update delay of several weeks. There may be limitations due to sampling and survey methodology.
Related Trends
Financial System Deposits to GDP for Norway
DDDI08NOA156NWDB
Infra-Annual Labor Statistics: Monthly Unemployment Female: 15 Years or over for Norway
LFHUTTFENOM647S
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Total for Norway
CPHPTT01NOM659N
Producer Prices Index: Economic Activities: Energy: Total for Norway
NORPIEAEN01GYM
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Housing Excluding Imputed Rentals for Housing for Norway
NORCPGRHO02IXOBM
Bank Regulatory Capital to Risk-Weighted Assets for Norway
DDSI05NOA156NWDB
Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (LFWA74TTNOA647N), retrieved from FRED.