Infra-Annual Labor Statistics: Employment Total: From 55 to 64 Years for Norway
LFEM55TTNOA647N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
507,100.00
Year-over-Year Change
20.24%
Date Range
1/1/2000 - 1/1/2024
Summary
This economic trend measures the employment rate for Norwegians aged 55 to 64 years old. It provides valuable insights into labor force participation and retirement trends within this demographic.
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 55 to 64 Years for Norway tracks the employment level of Norwegians between the ages of 55 and 64. This data series is used by economists and policymakers to analyze workforce dynamics, labor market health, and the economic factors impacting older workers' participation.
Methodology
The data is collected through household surveys conducted by Statistics Norway.
Historical Context
This trend is relevant for assessing the economic conditions and policy impacts on older workers in Norway.
Key Facts
- Norway has one of the highest employment rates for ages 55-64 in the OECD.
- Older worker participation is a key factor in Norway's high labor force participation.
- Employment in this age group has remained relatively stable over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the employment level of Norwegians aged 55 to 64 years old. It provides insights into labor force participation and retirement trends within this demographic.
Q: Why is this trend relevant for users or analysts?
A: This trend is relevant for assessing the economic conditions and policy impacts on older workers in Norway, which is an important factor in the country's overall labor market health and workforce dynamics.
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 trend is used by economists and policymakers to analyze workforce dynamics, labor market health, and the economic factors impacting older workers' participation in Norway.
Q: Are there update delays or limitations?
A: The data is published on an infra-annual basis, so there may be some update delays compared to monthly or quarterly labor force statistics.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Employment Total: From 55 to 64 Years for Norway (LFEM55TTNOA647N), retrieved from FRED.