Norway's seasonally adjusted unemployment rate increased to 4 percent in the three months to October 2018 from 3.8 percent in the May-July period and matching market expectations. The number of unemployed rose by 6,000 from the previous non-overlapping three-month period to 113,000 and the number of employed went up by 9,000 to 2.706 million. A year earlier, the unemployment rate was 4 percent. Unemployment Rate in Norway averaged 3.66 percent from 1997 until 2018, 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.

Unemployment Rate in Norway is expected to be 3.80 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 3.70 in 12 months time. In the long-term, the Norway Unemployment Rate is projected to trend around 3.70 percent in 2020, according to our econometric models.

Norway Unemployment Rate
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Calendar GMT Actual Previous Consensus TEForecast
2018-08-24 06:00 AM Unemployment Rate 3.9% 3.8% 3.8% 3.8%
2018-09-26 06:00 AM Unemployment Rate 4% 3.9% 3.8% 3.9%
2018-10-25 06:00 AM Unemployment Rate 4% 4% 4% 3.8%
2018-11-21 07:00 AM Unemployment Rate 4% 4% 4% 4%
2019-01-03 07:00 AM Unemployment Rate
2019-01-25 07:00 AM Unemployment Rate
2019-02-21 07:00 AM Unemployment Rate 3.8%


Norway Labour Last Previous Highest Lowest Unit
Unemployment Rate 4.00 4.00 5.10 2.40 percent [+]
Employed Persons 2706.00 2704.00 2706.00 1991.00 Thousand [+]
Unemployed Persons 80751.00 80020.00 188587.00 38220.00 [+]
Labor Force Participation Rate 70.70 70.40 74.10 60.20 percent [+]
Long Term Unemployment Rate 1.00 1.20 2.00 0.30 percent [+]
Youth Unemployment Rate 10.10 9.70 15.70 6.80 percent [+]
Productivity 120.26 120.11 124.44 61.77 Index Points [+]
Labour Costs 134.20 120.80 134.20 53.40 Index Points [+]
Job Vacancies 68400.00 75200.00 78500.00 1395.00 [+]
Wage Growth 2.42 2.70 18.56 -33.70 percent [+]
Wages in Manufacturing 101.60 106.60 152.20 78.90 Index 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 671.40 663.10 699.00 531.90 Thousand [+]
Wages 45570.00 45630.00 45630.00 20126.00 NOK/Month [+]
Employment Change 0.30 0.50 1.60 -1.00 percent [+]
Employment Rate 67.60 66.80 71.80 63.00 percent [+]
Full Time Employment 1911.70 1889.30 1922.10 1558.80 Thousand [+]


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. 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 - actual data, historical chart and calendar of releases - was last updated on December of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
4.00 4.00 5.10 2.40 1997 - 2018 percent Monthly




Country Last Previous
South Africa 27.50 Sep/18
Spain 14.55 Sep/18
Brazil 11.70 Oct/18
Turkey 11.10 Aug/18
Italy 10.60 Oct/18
Argentina 9.60 Jun/18
France 9.10 Sep/18
Euro Area 8.10 Oct/18
Saudi Arabia 6.00 Jun/18
Canada 5.60 Nov/18
Indonesia 5.34 Sep/18
Australia 5.00 Oct/18
Russia 4.70 Oct/18
United Kingdom 4.10 Sep/18
South Korea 3.90 Oct/18
China 3.82 Sep/18
Netherlands 3.70 Oct/18
United States 3.70 Nov/18
India 3.52 Dec/17
Germany 3.30 Oct/18
Mexico 3.20 Oct/18
Japan 2.40 Oct/18
Switzerland 2.40 Oct/18
Singapore 2.10 Sep/18


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