Norway's seasonally adjusted unemployment rate stood at 3.8 percent in the three months to November 2019, the same as in the June-August period but below market expectations of 3.9 percent. The number of unemployed was unchanged at 108,000 while the number of employed increased by 1,000 to 2.731 million. A year earlier, the unemployment rate was at 4.0 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. source: Statistics Norway

Unemployment Rate in Norway is expected to be 3.60 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 3.80 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.

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Norway Unemployment Rate

Actual Previous Highest Lowest Dates Unit Frequency
3.80 3.90 5.10 2.40 1997 - 2019 percent Monthly



Calendar GMT Actual Previous Consensus TEForecast
2019-09-25 06:00 AM Jul 3.8% 3.6% 3.6% 3.4%
2019-10-24 06:00 AM Aug 3.7% 3.8% 3.7% 3.8%
2019-11-27 07:00 AM Sep 3.9% 3.7% 3.7% 3.8%
2020-01-03 07:00 AM Oct 3.8% 3.9% 3.9% 3.8%
2020-01-23 07:00 AM Nov 3.8% 3.8% 3.8%


News Stream
2019-11-27
Norway Jobless Rate Above Estimates
Norway's seasonally adjusted unemployment rate increased to 3.9 percent in the three months to October 2019 from 3.6 percent in the May-July 2019 period and above market expectations of 3.7 percent. The number of unemployed rose by 8,000 to 110,000 while the number of employed increased by 12,000 to 2.736 million. A year earlier, the unemployment rate was at 3.9 percent.

2019-10-24
Norway Jobless Rate Matches Estimates
Norway's seasonally adjusted unemployment rate increased to 3.7 percent in the three months to September 2019 from 3.4 percent in the April-June 2019 period and matching market expectations. The number of unemployed rose by 11,000 to 106,000 while the number of employed increased by 32,000 to 2.744 million. A year earlier, the unemployment rate was higher at 4.0 percent.

2019-09-25
Norway Jobless Rate Above Forecasts at 3.8%
Norway's seasonally adjusted unemployment rate increased to 3.8 percent in the three months to August 2019 from 3.3 percent in the March-May 2019 period and beating market expectations of 3.6 percent. This was the highest jobless rate since January-March 2019 period, as the number of unemployed rose by 17,000 to 109,000 while the number of employed increased by 8,000 to 2.725 million. A year earlier, the unemployment rate was higher at 3.9 percent.

2019-08-21
Norway Jobless Rate Above Expectations
Norway's seasonally adjusted unemployment rate increased to 3.6 percent in the three months to July 2019 from 3.5 percent in the February-April 2019 period and beating market expectations of 3.4 percent. This was the highest jobless rate since January-March 2019 period, as the number of unemployed rose by 3,000 to 102,000 while the number of employed increased by 4,000 to 2.721 million. A year earlier, the unemployment rate was 3.8 percent.

2019-07-25
Norway Jobless Rate Falls to 3.4% in April-June
Norway's seasonally adjusted unemployment rate declined to 3.4 percent in the three months to June 2019 from 3.8 percent in the January-March 2019 period and compared to market expectations of 3.3 percent. The number of unemployed dropped by 11,000 to 95,000 while the number of employed increased by 1,000 to 2.711 million. A year earlier, the unemployment rate was 3.9 percent.

2019-06-26
Norway Jobless Rate Below Estimates in March-May
Norway's seasonally adjusted unemployment rate fell to 3.2 percent in the three months to May 2019 from 3.8 percent in the December 2018-February 2019 period and below market expectations of 3.5 percent. It was the lowest jobless rate since the July-September 2012 period, as the number of unemployed dropped by 16,000 to 91,000 while the number of employed increased by 14,000 to 2.717 million. A year earlier, the unemployment rate was 3.8 percent.


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.

Norway Labour Last Previous Highest Lowest Unit
Unemployment Rate 3.80 3.90 5.10 2.40 percent [+]
Employed Persons 2731.00 2736.00 2744.00 1991.00 Thousand [+]
Unemployed Persons 76678.00 76719.00 188587.00 38220.00 [+]
Labor Force Participation Rate 71.30 70.20 74.10 60.20 percent [+]
Long Term Unemployment Rate 0.80 0.70 2.00 0.30 percent [+]
Youth Unemployment Rate 10.00 10.20 15.70 6.80 percent [+]
Productivity 103.98 105.40 105.40 57.16 points [+]
Labour Costs 127.00 139.90 139.90 53.40 points [+]
Job Vacancies 65800.00 84500.00 84500.00 1395.00 [+]
Wage Growth 3.64 3.10 18.56 1.07 percent [+]
Wages in Manufacturing 105.30 109.90 152.20 78.90 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 678.70 672.60 699.00 531.90 Thousand [+]
Wages 45900.00 47180.00 47220.00 20126.00 NOK/Month [+]
Employment Change 0.30 0.40 1.50 -0.90 percent [+]
Employment Rate 68.60 67.80 71.80 63.00 percent [+]
Full Time Employment 1960.60 1932.40 1960.60 1558.80 Thousand [+]