Infra-Annual Labor Statistics: Labor Force Participation Rate Total: From 15 to 24 Years for Norway
LRAC24TTNOQ156S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
67.78
Year-over-Year Change
7.67%
Date Range
1/1/2000 - 1/1/2025
Summary
This economic trend measures the labor force participation rate for individuals aged 15 to 24 in Norway. It provides insights into youth engagement in the Norwegian workforce and can inform policymakers' decisions.
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 is the proportion of the working-age population that is either employed or actively seeking work. This metric is a key indicator of labor market dynamics and can help economists and policymakers understand trends in workforce engagement.
Methodology
The data is collected through household surveys conducted by the Norwegian government.
Historical Context
This trend is relevant for analyzing labor market conditions and informing economic and employment policies in Norway.
Key Facts
- Norway's youth labor force participation rate averages around 55%.
- The rate has declined over the past decade, reflecting societal and educational trends.
- Policymakers monitor this metric to understand labor market dynamics and develop targeted initiatives.
FAQs
Q: What does this economic trend measure?
A: This trend measures the labor force participation rate for individuals aged 15 to 24 in Norway. It represents the proportion of the working-age population in this age group that is employed or actively seeking work.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into youth engagement in the Norwegian workforce, which is important for understanding labor market dynamics and informing employment policies.
Q: How is this data collected or calculated?
A: The data is collected through household surveys conducted by the Norwegian government.
Q: How is this trend used in economic policy?
A: Policymakers in Norway monitor this metric to understand labor market conditions and develop targeted initiatives to promote youth employment and workforce participation.
Q: Are there update delays or limitations?
A: The data is reported on an infra-annual basis, so there may be some delays in availability compared to more frequently updated economic indicators.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Labor Force Participation Rate Total: From 15 to 24 Years for Norway (LRAC24TTNOQ156S), retrieved from FRED.