Infra-Annual Labor Statistics: Labor Force Participation Rate Total: 15 Years or over for Denmark
LRACTTTTDKA156S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
65.23
Year-over-Year Change
4.65%
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 economic indicator used to assess the strength and utilization of the 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 represents the share of the civilian, non-institutional population aged 15 and over that is either employed or unemployed but actively seeking work. It provides insight into the overall activity and engagement in the Danish labor market.
Methodology
The data is collected through household surveys conducted by Statistics Denmark.
Historical Context
Policymakers and analysts use this metric to evaluate the health of the Danish economy and inform economic and workforce development strategies.
Key Facts
- The labor force participation rate in Denmark was 68.5% as of the latest data.
- Denmark has one of the highest labor force participation rates among OECD countries.
- The participation rate for women in Denmark is significantly higher than the OECD average.
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 the overall strength and utilization of the Danish labor market, providing insights that are valuable for policymakers, economists, and businesses.
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: Policymakers and analysts use this metric to evaluate the health of the Danish economy and inform economic and workforce development strategies.
Q: Are there update delays or limitations?
A: The data is released on a regular, infra-annual basis by Statistics Denmark with minimal delays.
Related Trends
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Labor Force Participation Rate Total: 15 Years or over for Denmark (LRACTTTTDKA156S), retrieved from FRED.