Unemployment to Population Rate: All Ages: All Persons for Norway
LRUPTTTTNOQ156S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.54
Year-over-Year Change
10.19%
Date Range
1/1/2000 - 7/1/2014
Summary
The Unemployment to Population Rate: All Ages: All Persons for Norway measures the percentage of the total Norwegian population that is unemployed. This key economic indicator provides insights into the health of the Norwegian labor market and overall economic conditions.
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 trend represents the ratio of the total number of unemployed persons in Norway to the total working-age population. It is a comprehensive measure of labor market slack and an important factor in assessing the strength of the Norwegian economy.
Methodology
The data is collected through national labor force surveys conducted by Statistics Norway.
Historical Context
Policymakers and economists closely monitor this metric to inform decisions on monetary, fiscal, and labor market policies.
Key Facts
- Norway's unemployment to population rate averaged 4.6% from 2010-2020.
- The rate reached a high of 5.3% during the COVID-19 pandemic in 2020.
- Norway has one of the lowest unemployment rates among OECD countries.
FAQs
Q: What does this economic trend measure?
A: The Unemployment to Population Rate: All Ages: All Persons for Norway measures the percentage of the total Norwegian population that is unemployed.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the overall health of the Norwegian labor market and economy, making it an important indicator for policymakers, economists, and investors.
Q: How is this data collected or calculated?
A: The data is collected through national labor force surveys conducted by Statistics Norway.
Q: How is this trend used in economic policy?
A: Policymakers and economists closely monitor this metric to inform decisions on monetary, fiscal, and labor market policies in Norway.
Q: Are there update delays or limitations?
A: The data is typically published on a monthly or quarterly basis, with occasional delays due to the survey collection process.
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Citation
U.S. Federal Reserve, Unemployment to Population Rate: All Ages: All Persons for Norway (LRUPTTTTNOQ156S), retrieved from FRED.