Norway's seasonally adjusted unemployment rate increased to 4.6 percent in the three months to June 2020, above market expectations of 4.3 percent and the highest rate since the September-November 2016 period. The number of unemployed rose by 30,000 from the three months to March to 131,000 while the number of employed declined by 53,000 to 2.694 million.

Unemployment Rate in Norway averaged 3.67 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 August of 2020. source: Statistics Norway

Unemployment Rate in Norway is expected to be 5.10 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 3.60 in 12 months time. In the long-term, the Norway Unemployment Rate is projected to trend around 3.40 percent in 2021 and 2.80 percent in 2022, according to our econometric models.

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Norway Unemployment Rate

Actual Previous Highest Lowest Dates Unit Frequency
4.60 4.10 5.10 2.40 1997 - 2020 percent Monthly


Calendar GMT Actual Previous Consensus TEForecast
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 4.2% 3.6% 3.8% 4%
2020-07-23 06:00 AM May 4.6% 4.1% 4.3% 4.4%
2020-08-26 06:00 AM Jun 4.6% 5.2%
2020-09-23 06:00 AM Jul
2020-10-22 06:00 AM Aug
2020-11-25 07:00 AM Sep 5.1%


News Stream
Norway Jobless Rate at 3-1/2-Year High
Norway's seasonally adjusted unemployment rate increased to 4.6 percent in the three months to June 2020, above market expectations of 4.3 percent and the highest rate since the September-November 2016 period. The number of unemployed rose by 30,000 from the three months to March to 131,000 while the number of employed declined by 53,000 to 2.694 million.
2020-07-23
Norway Jobless Rate Highest Since 2017
Norway's seasonally adjusted unemployment rate increased to 4.2 percent in the three months to April 2020, above market expectations of 3.8 percent. This was the highest jobless rate since the May-July 2017 period, as the number of unemployed rose by 12,000 to 118,000 while the number of employed declined by 34,000 to 2.715 million.
2020-06-24
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 Unemployment Rate
In Norway, the unemployment rate measures the number of people actively looking for a job as a percentage of the labour force.