Norway Unemployment Rate - Forecast

Unemployment Rate in Norway is expected to be 4.00 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 3.80 in 12 months time. In the long-term, the Norway Unemployment Rate is projected to trend around 3.70 percent in 2020, according to our econometric models.


Norway Unemployment Rate
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Norway Labour Last Q2/18 Q3/18 Q4/18 Q1/19 2020
Unemployment Rate 3.9 4 4 3.9 3.8 3.7
Employed Persons 2676 2679 2688 2693 2700 2736
Unemployed Persons 83432 81170 80280 79420 79250 78250
Labor Force Participation Rate 69.5 69.88 69.92 71.6 69.91 72.1
Long Term Unemployment Rate 1.2 1.1 1.1 1.1 1.1 1.1
Youth Unemployment Rate 8.4 9.39 10 10.43 10.41 9.87
Productivity 123 122 122 122 123 123
Labour Costs 121 129 120 123 123 127
Job Vacancies 58000 61050 61050 61050 61050 61050
Wage Growth 6.34 6.43 7.95 6.53 7.86 6.89
Wages in Manufacturing 156 156 158 154 156 160
Population 5.26 5.32 5.32 5.32 5.31 5.42
Retirement Age Women 62 62 62 62 62 62
Retirement Age Men 62 62 62 62 62 62
Part Time Employment 647 647 636 647 636 647
Wages 44310 45200 45200 45200 46000 46600
Employment Change 0.4 0.37 0.36 0.37 0.37 0.37
Employment Rate 66.8 66.96 67.12 67.02 67.08 67.06
Full Time Employment 1898 1898 1923 1899 1923 1901