Infra-Annual Labor Statistics: Working-Age Population Total: From 15 to 74 Years for Norway
Annual, Seasonally Adjusted
LFWA74TTNOA647S • 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, seasonally adjusted total nonfarm employment in the United States. It is a key indicator of the overall health and growth of the U.S. economy.
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 total nonfarm employment statistic tracks the total number of paid employees in the U.S., excluding farm workers, private household employees, and nonprofit organization employees. It is widely used by economists and policymakers to assess economic performance and make informed decisions.
Methodology
The data is collected through monthly surveys of businesses and government agencies by the U.S. Bureau of Labor Statistics.
Historical Context
This employment trend is closely monitored by the Federal Reserve and other institutions to gauge labor market conditions and inform monetary and fiscal policies.
Key Facts
- The U.S. had over 151 million nonfarm employees as of 2022.
- Employment growth averaged 6% per year from 2010 to 2019.
- The COVID-19 pandemic caused a sharp decline in nonfarm employment in 2020.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of paid employees in the United States, excluding farm workers, private household employees, and nonprofit organization employees.
Q: Why is this trend relevant for users or analysts?
A: This employment statistic is a key indicator of the overall health and growth of the U.S. economy, and is closely monitored by economists, policymakers, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of businesses and government agencies by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: The Federal Reserve and other institutions use this employment trend to gauge labor market conditions and inform monetary and fiscal policies.
Q: Are there update delays or limitations?
A: The data is released monthly with a brief delay, and may be subject to revisions as more information becomes available.
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Citation
U.S. Federal Reserve, Annual, Seasonally Adjusted Total Nonfarm Employment (LFWA74TTNOA647S), retrieved from FRED.