Infra-Annual Labor Statistics: Monthly Unemployment Rate Male: 25 Years or over for Norway
LRHUADMANOA156S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.81
Year-over-Year Change
8.71%
Date Range
1/1/1989 - 1/1/2024
Summary
The Infra-Annual Labor Statistics: Monthly Unemployment Rate Male: 25 Years or over for Norway measures the monthly unemployment rate for Norwegian men aged 25 and older. This statistic is a key indicator of labor market conditions and economic health in Norway.
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 series represents the seasonally adjusted monthly unemployment rate specifically for Norwegian men aged 25 and above. It provides insight into the employment dynamics and labor force participation of this demographic group within the Norwegian economy.
Methodology
The data is collected through national labor force surveys conducted by Statistics Norway.
Historical Context
Policymakers and economists closely monitor this indicator to assess the strength of the Norwegian labor market and inform economic and employment policies.
Key Facts
- Norway's male unemployment rate averaged 2.8% in 2022.
- The rate for men 25+ is typically lower than the overall unemployment rate in Norway.
- Unemployment in Norway is consistently among the lowest in Europe.
FAQs
Q: What does this economic trend measure?
A: This trend measures the monthly unemployment rate specifically for Norwegian men aged 25 and older. It provides insight into the employment status of this demographic group.
Q: Why is this trend relevant for users or analysts?
A: This indicator is relevant for understanding the strength of the Norwegian labor market and informing economic and employment policies.
Q: How is this data collected or calculated?
A: The data is collected through national labor force surveys conducted by Statistics Norway.
Q: How is this trend used in economic policy?
A: Policymakers and economists closely monitor this indicator to assess the state of the Norwegian labor market and inform policy decisions.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical lag of 1-2 months.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Monthly Unemployment Rate Male: 25 Years or over for Norway (LRHUADMANOA156S), retrieved from FRED.