Norway's seasonally adjusted unemployment rate rose to 4.5% in August 2026 from an eighteen-month low of 4.2% in the previous month. The number of unemployed persons increased to 138 thousand from 128 thousand in July. The youth unemployment rate, which covers those aged 15 to 24, was up to 13.6% from 12.0%. Meanwhile, the employment rate edged down to 69.8% in August from 70.2% in the previous month, with the number of employed persons decreasing to 2.926 million from 2.943 million. The labor force participation rate inched lower to 73.1% from 73.3%, with the labor force reducing by 7 thousand from a month earlier to 3.064 million. Total man-weeks worked, adjusted to a 37.5-hour workweek, advanced to 2.232 million from 2.199 million in the prior period. Compared with August last year, the jobless rate was 0.4 percentage point higher at 4.9%. source: Statistics Norway
Unemployment Rate in Norway increased to 4.50 percent in August from 4.20 percent in July 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 October of 2026.
Unemployment Rate in Norway increased to 4.50 percent in August from 4.20 percent in July 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.