Labor Force Participation Rate in Norway decreased to 70.90 percent in the third quarter of 2020 from 71.30 percent in the third quarter of 2019.

Labor Force Participation Rate in Norway averaged 69.41 percent from 1972 until 2020, reaching an all time high of 74.10 percent in the second quarter of 2002 and a record low of 60.20 percent in the first quarter of 1974. This page provides - Norway Labor Force Participation Rate- actual values, historical data, forecast, chart, statistics, economic calendar and news. Norway Labor Force Participation Rate - values, historical data and charts - was last updated on October of 2020. source: Statistics Norway

Labor Force Participation Rate in Norway is expected to be 69.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Labor Force Participation Rate in Norway to stand at 69.80 in 12 months time. In the long-term, the Norway Labor Force Participation Rate is projected to trend around 70.00 percent in 2021 and 70.60 percent in 2022, according to our econometric models.

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Norway Labor Force Participation Rate

Actual Previous Highest Lowest Dates Unit Frequency
70.90 71.30 74.10 60.20 1972 - 2020 percent Quarterly
NSA

Norway Labour Last Previous Highest Lowest Unit
Unemployment Rate 5.30 5.20 5.30 2.40 percent [+]
Employed Persons 2692.00 2688.00 2749.00 1991.00 Thousand [+]
Unemployed Persons 122633.00 134522.00 297718.00 38220.00 [+]
Labor Force Participation Rate 70.90 71.30 74.10 60.20 percent [+]
Long Term Unemployment Rate 0.80 0.90 2.00 0.30 percent [+]
Youth Unemployment Rate 13.30 12.80 15.70 6.80 percent [+]
Labour Costs 145.30 126.00 145.30 53.30 points [+]
Productivity 100.48 105.40 106.48 57.16 points [+]
Job Vacancies 63900.00 65800.00 84500.00 1395.00 [+]
Wage Growth 3.09 2.78 18.56 1.07 percent [+]
Wages in Manufacturing 113.30 111.00 152.20 78.90 points [+]
Population 5.33 5.30 5.33 3.57 Million [+]
Retirement Age Women 62.00 62.00 62.00 62.00 [+]
Retirement Age Men 62.00 62.00 62.00 62.00 [+]
Part Time Employment 652.80 670.90 699.00 531.90 Thousand [+]
Full Time Employment 1932.90 1942.50 1960.60 1558.80 Thousand [+]
Employment Change -1.30 -0.10 1.50 -1.30 percent [+]
Employment Rate 66.70 67.80 71.80 63.00 percent [+]
Wages 49430.00 48730.00 49430.00 20126.00 NOK/Month [+]


Norway Labor Force Participation Rate
The labour force participation rates is the number of persons who are employed and unemployed but looking for a job divided by the total working-age population.