Infra-Annual Labor Statistics: Unemployment Rate Total: From 55 to 64 Years for Norway
LRUN55TTNOA156N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.55
Year-over-Year Change
24.00%
Date Range
1/1/2000 - 1/1/2024
Summary
The Unemployment Rate Total: From 55 to 64 Years for Norway measures the percentage of the Norwegian labor force aged 55 to 64 who are unemployed. This indicator provides insights into the labor market participation and economic inclusion of older workers.
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 unemployment rate is a key metric for evaluating the labor force attachment and economic well-being of adults nearing retirement age in Norway. Policymakers and analysts use this data to understand employment challenges and inform policies to support active aging and late-career transitions.
Methodology
The data is collected through household surveys by Statistics Norway.
Historical Context
This trend is used to assess labor market conditions and can inform policies to promote active aging and employment for older workers.
Key Facts
- The unemployment rate for Norwegians aged 55-64 was 3.7% in 2021.
- Norway has one of the highest labor force participation rates for older workers among OECD countries.
- Unemployment tends to be lower for older workers in Norway compared to many other European countries.
FAQs
Q: What does this economic trend measure?
A: The Unemployment Rate Total: From 55 to 64 Years for Norway measures the percentage of the Norwegian labor force aged 55 to 64 who are unemployed and actively seeking work.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insights into the labor market participation and economic inclusion of older workers in Norway, which is important for understanding employment challenges and informing policies to support active aging and late-career transitions.
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: This unemployment rate trend is used by policymakers and analysts to assess labor market conditions and inform policies to promote active aging and employment for older workers in Norway.
Q: Are there update delays or limitations?
A: The data is published on an infra-annual basis, so there may be some delays in availability compared to more frequently updated labor market indicators.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Unemployment Rate Total: From 55 to 64 Years for Norway (LRUN55TTNOA156N), retrieved from FRED.