Infra-Annual Labor Statistics: Monthly Unemployment Rate Male: 25 Years or over for Norway
LRHUADMANOA156N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.81
Year-over-Year Change
8.71%
Date Range
1/1/1989 - 1/1/2024
Summary
The Monthly Unemployment Rate Male: 25 Years or over for Norway measures the percentage of Norwegian men aged 25 and older who are unemployed. This statistic is a key economic indicator used to assess the strength 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
This series represents the seasonally adjusted unemployment rate for Norwegian men aged 25 and older. It is an important metric for evaluating the overall health of the Norwegian economy and the employment opportunities available to prime-working-age men.
Methodology
The data is collected through household surveys conducted by Statistics Norway.
Historical Context
Policymakers and analysts closely monitor this unemployment rate to inform economic and labor market policies.
Key Facts
- The unemployment rate for Norwegian men aged 25+ was 3.1% in January 2023.
- Norway has one of the lowest male unemployment rates among OECD countries.
- The male unemployment rate in Norway has remained under 5% since 2015.
FAQs
Q: What does this economic trend measure?
A: This trend measures the seasonally adjusted monthly unemployment rate for Norwegian men aged 25 and older.
Q: Why is this trend relevant for users or analysts?
A: The male unemployment rate is a key indicator of the strength of the Norwegian labor market and overall economic conditions.
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 analysts monitor this unemployment rate to inform economic and labor market policies in Norway.
Q: Are there update delays or limitations?
A: The data is reported monthly, with a typical release lag of 1-2 months.
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NORIMPORTQDSMEI
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DDEI01NOA156NWDB
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LREM64FENOA156S
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LRUN74TTNOQ156S
Gross Domestic Product for Norway
MKTGDPNOA646NWDB
Work Started: Construction: Dwellings and Residential Buildings: Total for Norway
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Monthly Unemployment Rate Male: 25 Years or over for Norway (LRHUADMANOA156N), retrieved from FRED.