Norway Long Term Unemployment Rate  Forecast


Norway Long Term Unemployment Rate
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Long Term Unemployment Rate in Norway is expected to be 0.96 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Long Term Unemployment Rate in Norway to stand at 0.92 in 12 months time. In the long-term, the Norway Long Term Unemployment Rate is projected to trend around 0.92 percent in 2020, according to our econometric models.


Norway Labour Last Q4/17 Q1/18 Q2/18 Q3/18 2020
Unemployment Rate 4 4.2 4.1 4.1 4.1 4
Employed Persons 2658 2658 2658 2657 2656 2649
Unemployed Persons 87125 100000 87173 87209 87245 90000
Labor Force Participation Rate 70.1 71.2 69.8 69.97 70 72.1
Long Term Unemployment Rate 1 0.96 0.94 0.93 0.92 0.92
Youth Unemployment Rate 10.3 10.43 10.41 10.43 10.44 10.52
Productivity 122 122 122 122 122 122
Labour Costs 118 121 121 125 125 123
Job Vacancies 56700 50462 50544 51252 51181 49140
Wage Growth 8.67 7.02 5.64 6.34 7.57 7.5
Wages in Manufacturing 157 157 157 157 157 156
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 636 642 648 647 641 640
Wages 43300 43676 43752 43829 43906 44172
Employment Change 0.3 0.34 0.31 0.31 0.32 0.31
Employment Rate 67.1 66.85 66.86 67.15 67.17 67.3
Full Time Employment 1922 1881 1874 1878 1881 1871