Norway Labour Costs  Forecast


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Labour Costs in Norway is expected to be 120.71 Index Points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Labour Costs in Norway to stand at 125.40 in 12 months time. In the long-term, the Norway Labour Costs is projected to trend around 123.47 Index Points in 2020, according to our econometric models.


Norway Labour Last Q4/17 Q1/18 Q2/18 Q3/18 2020
Unemployment Rate 4.1 4.2 4.1 4.1 4.1 4
Employed Persons 2651 2650 2649 2648 2648 2641
Unemployed Persons 89040 100000 89082 89107 89132 90000
Labor Force Participation Rate 70.2 71.2 69.88 70.08 70.23 72.1
Long Term Unemployment Rate 1.2 1.19 1.18 1.18 1.17 1.13
Youth Unemployment Rate 10.5 10.61 10.58 10.6 10.59 10.63
Productivity 122 122 122 122 122 122
Labour Costs 118 121 121 125 125 123
Job Vacancies 49000 50462 50544 51252 51181 49140
Wage Growth 5.3 6.64 5.56 6.17 7.07 7.19
Wages in Manufacturing 155 154 154 154 154 153
Population 5.26 5.25 5.32 5.32 5.32 5.39
Retirement Age Women 67 67 67 67 67 67
Retirement Age Men 67 67 67 67 67 67
Part Time Employment 656 650 652 658 654 651
Wages 43300 43676 43752 43829 43906 44172
Employment Change 0.4 0.25 0.32 0.31 0.29 0.31
Employment Rate 67.1 66.85 66.86 67.15 67.17 67.3
Full Time Employment 1868 1881 1874 1878 1881 1871