Norway’s seasonally adjusted unemployment rate fell to 4.2% in July from an upwardly revised 4.6% in the previous month. This marked the lowest rate since February 2025, as the number of unemployed persons decreased to 130 thousand from 140 thousand in June, with unemployed males falling by 4.5% to 73 thousand, while the number of unemployed women decreased by 3.9% to 57 thousand. The youth unemployment rate, which covers those aged 15 to 24, dropped to 12.1% from 14.0%. Meanwhile, the employment rate rose to 70.2% from 69.7% a month earlier, with the number of employed persons increasing to 2.944 million from 2.918 million. The labour force participation rate increased to 73.3% from 73.0%, with the labour force expanding by 16 thousand to 3.074 million. Total man-weeks worked, adjusted to a 37.5-hour workweek, grew to 2.196 million from 2.175 million in the prior period. Compared with July last year, the unemployment rate was 0.2 percentage points higher, at 4.4%. source: Statistics Norway
Unemployment Rate in Norway decreased to 4.20 percent in July from 4.60 percent in June of 2026. Unemployment Rate in Norway averaged 4.08 percent from 1983 until 2026, reaching an all time high of 6.80 percent in March of 1993 and a record low of 2.10 percent in November of 1986. 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 September of 2026.
Unemployment Rate in Norway decreased to 4.20 percent in July from 4.60 percent in June of 2026. Unemployment Rate in Norway is expected to be 4.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Norway Unemployment Rate is projected to trend around 4.60 percent in 2027 and 4.40 percent in 2028, according to our econometric models.