Norway's seasonally adjusted unemployment rate dropped to 3.6 percent in the three months to March 2020 from 3.7 percent in the November 2019-January 2020 period, and below market expectations of 4.0 percent. The number of unemployed declined by 9,000 to 101,000 while the number of employed decreased by 4,000 to 2.732 million. A year earlier, the unemployment rate was 3.6 percent.
Unemployment Rate in Norway averaged 3.66 percent from 1997 until 2020, 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. 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 - data, historical chart, forecasts and calendar of releases - was last updated on May of 2020. source: Statistics Norway
Unemployment Rate in Norway is expected to be 5.20 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 5.20 in 12 months time. In the long-term, the Norway Unemployment Rate is projected to trend around 4.00 percent in 2021, according to our econometric models.