Infra-Annual Labor Statistics: Labor Force Participation Rate Male: From 15 to 24 Years for Norway
LRAC24MANOQ156S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
66.05
Year-over-Year Change
5.45%
Date Range
1/1/2000 - 1/1/2025
Summary
The Labor Force Participation Rate Male: From 15 to 24 Years for Norway measures the proportion of Norwegian men aged 15 to 24 who are employed or actively seeking work. This metric provides insight into the labor market engagement of younger Norwegian men.
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
This economic indicator tracks the participation of young Norwegian men in the labor force. It is a key measure of labor market activity and can signal underlying trends in employment, education, and economic opportunity for this demographic.
Methodology
The data is collected through household surveys conducted by Statistics Norway.
Historical Context
Policymakers and economists use this indicator to monitor labor market dynamics and inform policies aimed at fostering employment and economic participation among young Norwegians.
Key Facts
- Norway has one of the highest labor force participation rates among OECD countries.
- The 15-24 age group represents a significant portion of Norway's working-age population.
- Trends in youth labor force participation can signal broader shifts in the Norwegian economy.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the proportion of Norwegian men aged 15 to 24 who are employed or actively seeking work, providing insight into the labor market engagement of this demographic.
Q: Why is this trend relevant for users or analysts?
A: Monitoring the labor force participation of young Norwegian men is crucial for understanding broader labor market dynamics and informing policies aimed at fostering employment and economic opportunity.
Q: How is this data collected or calculated?
A: The data is collected through household surveys conducted by Statistics Norway.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this indicator to monitor labor market trends and inform policies aimed at promoting employment and economic participation among young Norwegians.
Q: Are there update delays or limitations?
A: The data is released on an infra-annual basis, and there may be some delays in publishing the latest figures.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Labor Force Participation Rate Male: From 15 to 24 Years for Norway (LRAC24MANOQ156S), retrieved from FRED.