Norway Jobless Rate Highest in 8 Months

2025-01-27 07:32 By Kyrie Dichosa 1 min. read

Norway’s seasonally adjusted unemployment rate rose to 4.2% in December 2024, the highest level since April, up from 3.7% in the previous month.

The number of unemployed persons increased 13 thousand to an eight-month high of 126 thousand.

Meanwhile, the employment rate decreased to 69.1% from 70%, with the number of employed individuals declining by 35 thousand to 2.874 million.

The labor force participation rate dropped to 72.1% in December from 72.7% in November.

In the meantime, the youth unemployment rate, which measures the number of job-seekers between 15 to 24 years old, rose to 12.7% from 10% in the prior period.



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