Long Term Unemployment Rate in Norway increased to 0.90 percent in the fourth quarter of 2019 from 0.80 percent in the third quarter of 2019.

Long Term Unemployment Rate in Norway averaged 0.71 percent from 1995 until 2019, reaching an all time high of 2 percent in the second quarter of 1995 and a record low of 0.30 percent in the second quarter of 2000. This page provides - Norway Long Term Unemployment Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Norway Long Term Unemployment Rate - values, historical data and charts - was last updated on May of 2020. source: Eurostat

Long Term Unemployment Rate in Norway is expected to be 0.80 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Long Term Unemployment Rate in Norway to stand at 0.50 in 12 months time. In the long-term, the Norway Long Term Unemployment Rate is projected to trend around 0.50 percent in 2021 and 0.30 percent in 2022, according to our econometric models.

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Norway Long Term Unemployment Rate

Actual Previous Highest Lowest Dates Unit Frequency
0.90 0.80 2.00 0.30 1995 - 2019 percent Quarterly

Norway Labour Last Previous Highest Lowest Unit
Unemployment Rate 3.50 3.70 5.10 2.40 percent [+]
Employed Persons 2747.00 2737.00 2747.00 1991.00 Thousand [+]
Unemployed Persons 75150.00 75670.00 188587.00 38220.00 [+]
Labor Force Participation Rate 70.20 70.50 74.10 60.20 percent [+]
Long Term Unemployment Rate 0.90 0.80 2.00 0.30 percent [+]
Youth Unemployment Rate 10.10 9.90 15.70 6.80 percent [+]
Labour Costs 126.70 127.00 139.90 53.40 points [+]
Productivity 104.96 106.48 106.48 57.16 points [+]
Job Vacancies 63900.00 65800.00 84500.00 1395.00 [+]
Wage Growth 2.78 3.46 18.56 1.07 percent [+]
Wages in Manufacturing 111.00 107.50 152.20 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 671.20 678.70 699.00 531.90 Thousand [+]
Wages 46940.00 45900.00 47220.00 20126.00 NOK/Month [+]
Full Time Employment 1940.50 1960.60 1960.60 1558.80 Thousand [+]
Employment Change 0.20 0.30 1.50 -0.90 percent [+]
Employment Rate 67.90 68.60 71.80 63.00 percent [+]


Norway Long Term Unemployment Rate
In Norway, the long term unemployment rate refers to the share of unemployed persons since 12 months or more in the total number of active persons (those who are either employed or unemployed) in the labour market.