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.