Infra-Annual Labor Statistics: Monthly Unemployment Total: 15 Years or over for Norway
LFHUTTTTNOM647S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
168,000.00
Year-over-Year Change
40.00%
Date Range
1/1/1989 - 6/1/2025
Summary
This economic trend measures the total number of unemployed individuals aged 15 and over in Norway on a monthly basis. It is a key indicator used by economists and policymakers to assess the health of the Norwegian 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 Monthly Unemployment Total: 15 Years or over for Norway trend tracks the number of Norwegians who are jobless, actively seeking employment, and available to start work. This metric provides important insights into the country's economic conditions and labor force dynamics.
Methodology
The data is collected through household surveys conducted by Statistics Norway.
Historical Context
This unemployment statistic is widely referenced by Norwegian government agencies, central bankers, and financial analysts to inform economic policies and investment decisions.
Key Facts
- Norway's unemployment rate stood at 3.1% as of the latest data.
- The unemployment trend has remained relatively stable over the past 5 years.
- Youth unemployment (ages 15-24) is higher than the overall rate at 7.2%.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of unemployed individuals aged 15 and over in Norway on a monthly basis.
Q: Why is this trend relevant for users or analysts?
A: The unemployment statistic is a key indicator of the health of the Norwegian labor market and broader economic conditions, making it highly relevant for policymakers, economists, and investors.
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 unemployment metric is widely referenced by Norwegian government agencies, central bankers, and financial analysts to inform economic policies and investment decisions.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis with a relatively short delay, providing timely insights into the Norwegian labor market.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Monthly Unemployment Total: 15 Years or over for Norway (LFHUTTTTNOM647S), retrieved from FRED.