Norway's seasonally adjusted unemployment rate fell to 3.5 percent in the three months to April 2019 from 3.7 percent in the November 2018-January 2019 period and below market expectations of 3.7 percent. It was the lowest jobless rate since the May-July 2014 period, as the number of unemployed fell by 6,000 to 98,000 while the number of employed increased by 12,000 to 2.717 million. A year earlier, the unemployment rate was 3.9 percent. Unemployment Rate in Norway averaged 3.66 percent from 1997 until 2019, reaching an all time high of 5.10 percent in January of 2016 and a record low of 2.40 percent in October of 2007.

Unemployment Rate in Norway is expected to be 3.70 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Unemployment Rate in Norway to stand at 3.70 in 12 months time. In the long-term, the Norway Unemployment Rate is projected to trend around 3.60 percent in 2020, according to our econometric models.

Norway Unemployment Rate
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Calendar GMT Actual Previous Consensus TEForecast
2019-02-27 07:00 AM Unemployment Rate 3.7% 3.8% 3.8% 3.9%
2019-03-27 07:00 AM Unemployment Rate 3.9% 3.7% 3.7% 3.7%
2019-04-30 06:00 AM Unemployment Rate 3.8% 3.8% 3.8% 3.9%
2019-05-23 06:00 AM Unemployment Rate 3.5% 3.8% 3.7% 3.7%
2019-06-26 06:00 AM Unemployment Rate 3.5% 3.7%
2019-07-25 06:00 AM Unemployment Rate 3.7%
2019-08-21 06:00 AM Unemployment Rate 3.7%


Norway Labour Last Previous Highest Lowest Unit
Unemployment Rate 3.50 3.80 5.10 2.40 percent [+]
Employed Persons 2717.00 2711.00 2717.00 1991.00 Thousand [+]
Unemployed Persons 76663.00 78068.00 188587.00 38220.00 [+]
Labor Force Participation Rate 69.90 70.10 74.10 60.20 percent [+]
Long Term Unemployment Rate 1.00 0.90 2.00 0.30 percent [+]
Youth Unemployment Rate 10.60 10.00 15.70 6.80 percent [+]
Productivity 102.80 121.08 124.44 61.77 Index Points [+]
Labour Costs 122.30 123.50 134.20 53.40 Index Points [+]
Job Vacancies 68400.00 75200.00 78500.00 1395.00 [+]
Wage Growth 3.35 2.97 18.56 1.07 percent [+]
Wages in Manufacturing 108.00 103.90 152.20 78.90 Index Points [+]
Population 5.30 5.26 5.30 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 673.10 647.50 699.00 531.90 Thousand [+]
Wages 45380.00 44190.00 45630.00 20126.00 NOK/Month [+]
Employment Change 0.50 0.50 1.60 -1.00 percent [+]
Employment Rate 67.20 67.60 71.80 63.00 percent [+]
Full Time Employment 1916.10 1950.10 1950.10 1558.80 Thousand [+]


Norway Unemployment Rate

In Norway, the unemployment rate measures the number of people actively looking for a job as a percentage of the labour force. This page provides the latest reported value for - Norway Unemployment Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Norway Unemployment Rate - actual data, historical chart and calendar of releases - was last updated on May of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
3.50 3.80 5.10 2.40 1997 - 2019 percent Monthly




Country Last Previous
South Africa 27.60 Mar/19
Spain 14.70 Mar/19
Turkey 14.70 Feb/19
Brazil 12.70 Mar/19
Italy 10.20 Mar/19
Argentina 9.10 Dec/18
France 8.70 Mar/19
Euro Area 7.70 Mar/19
Saudi Arabia 6.00 Dec/18
Canada 5.70 Apr/19
Australia 5.20 Apr/19
Indonesia 5.01 Mar/19
Russia 4.70 Apr/19
South Korea 4.10 Apr/19
United Kingdom 3.80 Mar/19
China 3.67 Mar/19
United States 3.60 Apr/19
India 3.53 Dec/18
Netherlands 3.30 Apr/19
Germany 3.20 Mar/19
Mexico 3.20 Mar/19
Japan 2.50 Mar/19
Switzerland 2.40 Apr/19
Singapore 2.20 Mar/19


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