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.

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Norway Unemployment Rate

Actual Previous Highest Lowest Dates Unit Frequency
3.60 3.50 5.10 2.40 1997 - 2020 percent Monthly


Calendar GMT Actual Previous Consensus TEForecast
2020-02-26 07:00 AM Dec 3.9% 4% 4% 3.9%
2020-03-25 07:00 AM Jan 3.8% 3.9% 3.9% 3.9%
2020-04-23 06:00 AM Feb 3.5% 3.7% 4% 4%
2020-05-27 06:00 AM Mar 3.6% 3.5% 4% 4.2%
2020-06-24 06:00 AM Apr 3.6% 4%
2020-07-23 06:00 AM May 4.6%
2020-08-26 06:00 AM Jun 5.2%
2020-09-23 06:00 AM Jul


News Stream
Norway Jobless Rate Falls to 3.6% in Jan - March
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.
2020-05-27
Norway Jobless Rate Lowest Since April-June 2019
Norway's seasonally adjusted unemployment rate fell to 3.5 percent in the three months to March 2020 from 3.9 percent in the October-December 2019 period, and below market expectations of 4.0 percent. It was the lowest jobless rate since the April - June 2019 period, as the number of unemployed fell by 12,000 to 100,000 while the number of employed increased by 14,000 to 2.747 million. A year earlier, the unemployment rate was 3.8 percent.
2020-04-23
Norway Jobless Rate Unchanged at 3.8%
Norway's seasonally adjusted unemployment rate stood at 3.8 percent in the three months to February 2020, unchanged from the September-November period's figure, but slightly below market expectations of 3.9 percent. The number of unemployed fell by 1,000 to 107,000 while the number of employed increased by 6,000 to 2.737 million. A year earlier, the unemployment rate was 3.8 percent.
2020-03-25
Norway Jobless Rate Below Expectations
Norway's seasonally adjusted unemployment rate stood at 3.9 percent in the three months to January 2020, unchanged from the August-October period, but below market expectations of 4.0 percent. The number of unemployed was unchanged at 110,000 while the number of employed declined by 2,000 to 2.734 million. A year earlier, the unemployment rate was 3.7 percent.
2020-02-26

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.