Infra-Annual Labor Statistics: Employment Rate Total: From 15 to 74 Years for Norway
LREM74TTNOQ156S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
69.71
Year-over-Year Change
-0.99%
Date Range
1/1/2000 - 1/1/2025
Summary
The Employment Rate Total: From 15 to 74 Years for Norway measures the percentage of the Norwegian population aged 15 to 74 that is employed. This key labor market indicator provides insight into the overall health and utilization of the country's workforce.
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
This infra-annual labor statistic tracks the employment rate for the working-age population in Norway. It is a valuable metric used by economists and policymakers to evaluate labor market trends, assess economic performance, and inform employment policies.
Methodology
The data is collected through household surveys by Statistics Norway.
Historical Context
This employment rate is widely referenced by Norwegian government agencies, international organizations, and financial analysts.
Key Facts
- Norway's employment rate averaged 70% from 2010-2022.
- The employment rate declined during the COVID-19 pandemic but has since recovered.
- Women's employment rate in Norway is among the highest in the OECD.
FAQs
Q: What does this economic trend measure?
A: This trend measures the percentage of the Norwegian population aged 15 to 74 that is employed. It is a key indicator of labor market participation and workforce utilization.
Q: Why is this trend relevant for users or analysts?
A: The employment rate is a crucial metric for evaluating the overall health and performance of the Norwegian economy. It provides insights into labor market dynamics and informs policymaking.
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: The employment rate is closely monitored by the Norwegian government, central bank, and international organizations to assess labor market conditions and inform economic and social policies.
Q: Are there update delays or limitations?
A: The employment rate data is released on an infra-annual basis, with the latest figures typically available within a few months of the reference period.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Employment Rate Total: From 15 to 74 Years for Norway (LREM74TTNOQ156S), retrieved from FRED.