Norway Unemployment Rate  Forecast


Norway Unemployment Rate
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Unemployment Rate in Norway is expected to be 4.10 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 4.10 in 12 months time. In the long-term, the Norway Unemployment Rate is projected to trend around 4.00 percent in 2020, according to our econometric models.


Norway Labour Last Q1/18 Q2/18 Q3/18 Q4/18 2020
Unemployment Rate 4 4.1 4.1 4.1 4.1 4
Employed Persons 2659 2660 2659 2658 2657 2651
Unemployed Persons 87080 87189 87297 87404 97800 90000
Labor Force Participation Rate 70.1 69.8 69.97 70 71.6 72.1
Long Term Unemployment Rate 1 0.94 0.93 0.92 0.92 0.92
Youth Unemployment Rate 10.4 10.44 10.47 10.48 10.49 10.55
Productivity 122 122 122 122 122 122
Labour Costs 118 120 124 120 119 120
Job Vacancies 56700 54581 58428 57486 54956 54527
Wage Growth 8.67 5.64 6.34 7.57 7.17 7.5
Wages in Manufacturing 157 157 157 157 157 156
Population 5.26 5.32 5.32 5.32 5.32 5.39
Retirement Age Women 67 67 67 67 67 67
Retirement Age Men 67 67 67 67 67 67
Part Time Employment 636 648 647 641 641 640
Wages 43300 43271 43406 43541 43676 44172
Employment Change 0.3 0.31 0.31 0.32 0.31 0.31
Employment Rate 67.1 66.86 67.15 67.17 67.04 67.3
Full Time Employment 1922 1885 1897 1905 1897 1891