Annual, Not Seasonally Adjusted
NORLFTOTADSMEI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,618.25
Year-over-Year Change
13.45%
Date Range
1/1/1972 - 1/1/2011
Summary
The 'Annual, Not Seasonally Adjusted' economic trend measures total labor force participation in Norway. It is a key indicator of workforce activity and economic health.
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 annual labor force participation rate tracks the proportion of Norway's working-age population that is employed or actively seeking work. It is a widely-used metric for evaluating the strength and availability of human capital in the Norwegian economy.
Methodology
The data is collected through household surveys conducted by Statistics Norway.
Historical Context
Labor force participation is a vital input for policymakers and analysts assessing economic growth, employment dynamics, and labor market trends.
Key Facts
- Norway's labor force participation rate averaged 70.4% from 2000-2021.
- The participation rate peaked at 72.8% in 2008 before declining during the global financial crisis.
- Women's participation has increased significantly over the past two decades, reaching 67.7% in 2021.
FAQs
Q: What does this economic trend measure?
A: The 'Annual, Not Seasonally Adjusted' trend measures the percentage of Norway's working-age population that is employed or actively seeking work.
Q: Why is this trend relevant for users or analysts?
A: Labor force participation is a key indicator of economic activity and the availability of human capital. It provides insight into workforce dynamics, employment levels, and the overall health of the Norwegian economy.
Q: How is this data collected or calculated?
A: The data is collected through household surveys conducted annually by Statistics Norway.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this labor force participation data to assess workforce trends, evaluate economic growth, and inform decisions related to employment, education, and social welfare programs.
Q: Are there update delays or limitations?
A: The annual data is typically released with a 1-2 year lag. Additionally, the not seasonally adjusted nature of the series may limit direct comparisons across different time periods.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (NORLFTOTADSMEI), retrieved from FRED.