Infra-Annual Labor Statistics: Employment Total: From 15 to 64 Years for Norway
LFEM64TTNOA647N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,767,425.00
Year-over-Year Change
9.63%
Date Range
1/1/2000 - 1/1/2024
Summary
This economic indicator tracks total employment among individuals aged 15 to 64 in Norway. It provides important insights into the country's labor market and overall 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
The Infra-Annual Labor Statistics: Employment Total: From 15 to 64 Years for Norway series measures the total number of employed individuals within the working-age population in Norway. This data point is a key indicator of labor force participation and economic productivity.
Methodology
The data is collected through household and business surveys conducted by Norway's national statistical agency.
Historical Context
Policymakers and economists use this employment trend to assess the strength of Norway's labor market and make informed decisions about fiscal and monetary policies.
Key Facts
- Norway's employment rate for ages 15-64 is currently around 75%.
- This indicator has shown steady growth over the past decade.
- Employment data is released on a quarterly basis by Statistics Norway.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the total number of employed individuals aged 15 to 64 in Norway, providing insights into the country's labor force participation and overall economic productivity.
Q: Why is this trend relevant for users or analysts?
A: The employment rate for working-age Norwegians is a key metric for assessing the strength of the country's labor market and economy. This data helps policymakers and economists make informed decisions about fiscal and monetary policies.
Q: How is this data collected or calculated?
A: The data is collected through household and business surveys conducted by Statistics Norway, the country's national statistical agency.
Q: How is this trend used in economic policy?
A: Policymakers and economists closely monitor this employment indicator to gauge the overall health of Norway's labor market and economy, which informs decisions about fiscal, monetary, and labor policies.
Q: Are there update delays or limitations?
A: The employment data is released on a quarterly basis by Statistics Norway, with a slight delay for data collection and processing.
Related Trends
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Recreation and Culture for Norway
NORCP090000GYM
Consumer Price Index: Food for Norway
NORCPIFODMINMEI
Consumer Price Index: OECD Groups: Energy (Fuel, Electricity, and Gasoline): Total for Norway
CPGREN01NOA657N
U.S. Imports of Goods by Customs Basis from Norway
IMP4039
Infra-Annual Labor Statistics: Labor Force Female: From 15 to 74 Years for Norway
LFAC74FENOQ647N
Share Prices: All Shares/Broad: Total for Norway
SPASTT01NOM657N
Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Employment Total: From 15 to 64 Years for Norway (LFEM64TTNOA647N), retrieved from FRED.