Infra-Annual Labor Statistics: Labor Force Participation Rate Total: From 15 to 74 Years for Denmark
LRAC74TTDKA156N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
74.05
Year-over-Year Change
8.38%
Date Range
1/1/1999 - 1/1/2024
Summary
The Labor Force Participation Rate measures the percentage of the working-age population that is employed or actively seeking work in Denmark. It is a key indicator of the health and utilization of the Danish 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 Labor Force Participation Rate is an important economic indicator that reflects the overall level of economic activity and labor market engagement in Denmark. It is used by policymakers and analysts to assess trends in workforce participation and identify potential labor market imbalances.
Methodology
The data is collected through household surveys conducted by Statistics Denmark.
Historical Context
This metric is widely referenced by the Danish government, central bank, and international economic organizations to inform policy decisions.
Key Facts
- The labor force participation rate in Denmark was 77.6% in 2021.
- Denmark has one of the highest labor force participation rates in the European Union.
- Women's labor force participation in Denmark is among the highest in the world.
FAQs
Q: What does this economic trend measure?
A: The Labor Force Participation Rate measures the percentage of the working-age population in Denmark that is employed or actively seeking work.
Q: Why is this trend relevant for users or analysts?
A: The labor force participation rate is a key indicator of labor market health and economic activity in Denmark, used by policymakers and analysts to assess workforce trends and potential labor market imbalances.
Q: How is this data collected or calculated?
A: The data is collected through household surveys conducted by Statistics Denmark.
Q: How is this trend used in economic policy?
A: The labor force participation rate is widely referenced by the Danish government, central bank, and international economic organizations to inform policy decisions related to the labor market and overall economic conditions.
Q: Are there update delays or limitations?
A: The data is reported on an infra-annual basis, with the latest figures available within a few months of the reference period.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Labor Force Participation Rate Total: From 15 to 74 Years for Denmark (LRAC74TTDKA156N), retrieved from FRED.