Norway's unemployment rate dropped to 4.2 percent in the third quarter of 2021 from 5.1 percent in the previous period. It was the lowest jobless rate since the first quarter 2020, as the number of unemployed fell by 26,000 to 123 thousand while the number of employed increased by 38 thousand to 2.810 million. source: Statistics Norway
Unemployment Rate in Norway averaged 3.81 percent from 1980 until 2021, reaching an all time high of 6.40 percent in the first quarter of 1993 and a record low of 1.40 percent in the second quarter of 1980. 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 December of 2021.
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. In the long-term, the Norway Unemployment Rate is projected to trend around 4.20 percent in 2022 and 4.00 percent in 2023, according to our econometric models.