Infra-Annual Labor Statistics: Labor Force Participation Rate Total: From 25 to 54 Years for Norway
LRAC25TTNOA156N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
86.28
Year-over-Year Change
-0.86%
Date Range
1/1/2000 - 1/1/2024
Summary
The Labor Force Participation Rate Total: From 25 to 54 Years for Norway measures the percentage of the Norwegian population aged 25 to 54 who are actively employed or seeking work. This statistic is a key indicator of labor market health and economic productivity.
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 trend represents the proportion of working-age Norwegians who are engaged in the labor force, either employed or actively looking for a job. It is a widely used metric for assessing the strength and participation levels of a country's core working population.
Methodology
The data is collected through household surveys conducted by Statistics Norway.
Historical Context
Labor force participation rates are closely monitored by policymakers and economists to gauge labor market conditions and inform economic policy decisions.
Key Facts
- Norway has one of the highest labor force participation rates in the OECD.
- The 25-54 age group is considered the core working population.
- Participation rates are often used to assess economic potential and labor shortages.
FAQs
Q: What does this economic trend measure?
A: This trend measures the percentage of the Norwegian population aged 25 to 54 who are actively employed or seeking work.
Q: Why is this trend relevant for users or analysts?
A: Labor force participation rates are a key indicator of labor market health and economic productivity, providing insights into the strength and engagement of a country's core working population.
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: Labor force participation rates are closely monitored by policymakers and economists to gauge labor market conditions and inform economic policy decisions.
Q: Are there update delays or limitations?
A: The data is published on an infra-annual basis, with potential delays and limitations inherent in survey-based economic statistics.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Labor Force Participation Rate Total: From 25 to 54 Years for Norway (LRAC25TTNOA156N), retrieved from FRED.