Infra-Annual Labor Statistics: Labor Force Participation Rate Total: From 25 to 54 Years for Norway
LRAC25TTNOQ156S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
86.03
Year-over-Year Change
-0.85%
Date Range
1/1/2000 - 1/1/2025
Summary
The Labor Force Participation Rate measures the percentage of the working-age population that is employed or actively seeking work. This key economic indicator provides insights into the strength and utilization of the Norwegian labor market.
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 tracks the proportion of the Norwegian population aged 25 to 54 that is either employed or actively looking for work. This statistic is widely used by economists and policymakers to analyze workforce trends, labor market dynamics, and the overall health of the Norwegian economy.
Methodology
The data is collected through household surveys conducted by Statistics Norway.
Historical Context
Policymakers use this metric to inform labor and economic policies aimed at promoting employment and workforce participation.
Key Facts
- Norway's labor force participation rate for ages 25-54 is around 88%.
- The participation rate for this age group has remained relatively stable over the past decade.
- High labor force participation is a key indicator of Norway's strong economy and social welfare system.
FAQs
Q: What does this economic trend measure?
A: The Labor Force Participation Rate measures the percentage of the Norwegian population aged 25 to 54 that is either employed or actively seeking work.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the strength and utilization of the Norwegian labor market, which is crucial for understanding the overall health of the economy.
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 use this metric to inform labor and economic policies aimed at promoting employment and workforce participation.
Q: Are there update delays or limitations?
A: The data is published on a regular schedule, with minimal delays, and provides a reliable indicator of labor force participation in Norway.
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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 (LRAC25TTNOQ156S), retrieved from FRED.