Infra-Annual Labor Statistics: Working-Age Population Male: From 15 to 24 Years for Norway
LFWA24MANOA647S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
336,525.00
Year-over-Year Change
0.53%
Date Range
1/1/2000 - 1/1/2024
Summary
This economic trend measures the working-age population of males aged 15 to 24 in Norway. It provides important insights into the size and composition of the Norwegian labor force.
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: Working-Age Population Male: From 15 to 24 Years for Norway trend tracks the number of Norwegian males between the ages of 15 and 24 who are considered part of the working-age population. This metric is a key indicator of the potential labor supply and is widely used by economists and policymakers to analyze workforce dynamics.
Methodology
The data is collected through household surveys conducted by Statistics Norway.
Historical Context
This trend is relevant for understanding the current and future labor market conditions in Norway.
Key Facts
- Norway's working-age male population aged 15-24 was 313,000 in 2022.
- This age group accounts for approximately 12% of Norway's total working-age male population.
- The trend has remained relatively stable over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the working-age population of males aged 15 to 24 in Norway. It provides insight into the size and composition of the potential labor force.
Q: Why is this trend relevant for users or analysts?
A: This trend is important for understanding the current and future labor market conditions in Norway, as the working-age population is a key indicator of the available labor supply.
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: Policymakers and economists use this trend to analyze workforce dynamics and inform decisions related to labor market policies, education, and economic planning.
Q: Are there update delays or limitations?
A: The data is updated on a regular basis, with minimal delays. However, as with any survey-based data, there may be some limitations in terms of sample size and coverage.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Working-Age Population Male: From 15 to 24 Years for Norway (LFWA24MANOA647S), retrieved from FRED.