Infra-Annual Labor Statistics: Employment Total: From 15 to 24 Years for Norway
LFEM24TTNOA647S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
382,025.00
Year-over-Year Change
7.84%
Date Range
1/1/2000 - 1/1/2024
Summary
This economic indicator tracks employment levels among Norwegians aged 15 to 24 years old. It provides insights into youth labor force participation and is a key metric for evaluating the health of Norway's 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
The 'Infra-Annual Labor Statistics: Employment Total: From 15 to 24 Years for Norway' series measures the total number of employed individuals in Norway between the ages of 15 and 24. This data is used by economists and policymakers to analyze trends in youth employment, which can signal broader economic conditions and inform workforce development strategies.
Methodology
The data is collected through household surveys conducted by Statistics Norway.
Historical Context
This employment metric helps inform Norway's economic and labor market policies.
Key Facts
- Norway's youth employment rate was 51.3% in 2021.
- Employment for 15-24 year olds has declined in Norway since 2008.
- The COVID-19 pandemic significantly impacted youth employment in Norway.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the total number of employed individuals in Norway between the ages of 15 and 24 years old.
Q: Why is this trend relevant for users or analysts?
A: Youth employment is a key metric for evaluating the health of Norway's labor market and informing workforce development policies.
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 employment metric helps inform Norway's economic and labor market policies, including workforce development strategies.
Q: Are there update delays or limitations?
A: The data is published on an infra-annual basis, so there may be some delay in the most recent figures.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Employment Total: From 15 to 24 Years for Norway (LFEM24TTNOA647S), retrieved from FRED.