Infra-Annual Labor Statistics: Labor Force Participation Rate Total: 15 Years or over for Norway
LRACTTTTNOQ156N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
65.00
Year-over-Year Change
-2.11%
Date Range
4/1/1999 - 1/1/2025
Summary
The Labor Force Participation Rate measures the percentage of the population aged 15 and over that is employed or actively seeking work. It is a key indicator of labor market health and economic activity.
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 tracks the portion of the working-age population that is employed or looking for a job in Norway. It is a widely-used metric for understanding labor market dynamics and the potential for economic growth.
Methodology
The data is collected through household surveys conducted by Statistics Norway.
Historical Context
Economists and policymakers monitor this rate to assess the strength of the Norwegian labor market and broader economic conditions.
Key Facts
- The labor force participation rate in Norway is around 70%.
- Norway has one of the highest labor force participation rates in the world.
- The rate has remained relatively stable over the past decade.
FAQs
Q: What does this economic trend measure?
A: The Labor Force Participation Rate measures the percentage of the working-age population in Norway 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 strength of the labor market and the overall economy in Norway.
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: Economists and policymakers monitor this rate to assess the potential for economic growth and to make informed decisions about labor market policies.
Q: Are there update delays or limitations?
A: The data is updated on a regular basis, with minimal delays, and provides a comprehensive view of the Norwegian labor force.
Related Trends
Infra-Annual Labor Statistics: Labor Force Total: From 15 to 24 Years for Norway
LFAC24TTNOQ647N
Work Started: Construction: Dwellings and Residential Buildings: Total for Norway
WSCNDW01NOA659S
Inflation, consumer prices for Norway
FPCPITOTLZGNOR
Harmonized Unemployment: Monthly Levels: Aged 25 and over: Females for Norway
LFHUADFENOQ647N
Infra-Annual Labor Statistics: Unemployment Rate Male: From 15 to 74 Years for Norway
LRUN74MANOQ156S
Production, Sales, Work Started and Orders: Construction Work Started on Dwellings: Economic Activity: Construction of Buildings for Norway
NORWSCNDW01IXOBSAM
Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Labor Force Participation Rate Total: 15 Years or over for Norway (LRACTTTTNOQ156N), retrieved from FRED.