Infra-Annual Labor Statistics: Employment Rate Total: From 55 to 64 Years for Norway
LREM55TTNOA156N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
73.63
Year-over-Year Change
3.12%
Date Range
1/1/2000 - 1/1/2024
Summary
The employment rate for Norwegians aged 55 to 64 years measures the proportion of that population group who are employed. This metric is closely monitored by economists and policymakers to assess labor force participation and economic health.
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 employment rate for Norwegians aged 55 to 64 years represents the share of that demographic group who are currently employed. It is a key indicator of labor force participation and workforce trends within the Norwegian economy.
Methodology
This data is collected through household surveys conducted by Statistics Norway.
Historical Context
Policymakers and analysts use this metric to evaluate labor force dynamics and the economic status of older workers.
Key Facts
- Norway has one of the highest employment rates for ages 55-64 among OECD countries.
- The employment rate for this age group has remained relatively stable in Norway over the past decade.
- Encouraging employment of older workers is a policy priority in Norway to address demographic shifts.
FAQs
Q: What does this economic trend measure?
A: This metric measures the percentage of Norwegians aged 55 to 64 years who are currently employed.
Q: Why is this trend relevant for users or analysts?
A: The employment rate for older workers is a key indicator of labor force participation and economic health. It is closely monitored by policymakers and economists.
Q: How is this data collected or calculated?
A: This data is collected through household surveys conducted by Statistics Norway.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to evaluate labor force dynamics and the economic status of older workers, which informs policies aimed at encouraging employment for this demographic.
Q: Are there update delays or limitations?
A: The data is updated on an infra-annual basis, so there may be a short delay in the most recent figures being available.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Employment Rate Total: From 55 to 64 Years for Norway (LREM55TTNOA156N), retrieved from FRED.