Infra-Annual Labor Statistics: Inactivity Rate Total: From 15 to 64 Years for Norway
LRIN64TTNOQ156S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
19.79
Year-over-Year Change
1.06%
Date Range
1/1/2000 - 1/1/2025
Summary
The Infra-Annual Labor Statistics: Inactivity Rate Total: From 15 to 64 Years for Norway measures the proportion of the working-age population in Norway that is not employed or seeking employment.
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 metric provides insight into labor force participation and economic activity within Norway. It is a key indicator for policymakers and economists analyzing labor market trends and dynamics.
Methodology
The data is collected through household surveys conducted by Statistics Norway.
Historical Context
The inactivity rate is used to inform policy decisions around employment, social welfare, and economic development.
Key Facts
- Norway's inactivity rate was 19.2% in 2021.
- The inactivity rate has decreased by 1.3 percentage points since 2010.
- Inactivity rates tend to be higher among older workers and women in Norway.
FAQs
Q: What does this economic trend measure?
A: The Infra-Annual Labor Statistics: Inactivity Rate Total: From 15 to 64 Years for Norway measures the proportion of the working-age population that is not employed or actively seeking employment.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into the labor force participation and overall economic activity in Norway, making it a key indicator for policymakers and economists.
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 inactivity rate is used to inform policy decisions around employment, social welfare, and economic development in Norway.
Q: Are there update delays or limitations?
A: The inactivity rate data is published on an infra-annual basis, with some potential for delays in data reporting.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Inactivity Rate Total: From 15 to 64 Years for Norway (LRIN64TTNOQ156S), retrieved from FRED.