Norway's unemployment rate inched down to 3.3 percent in the first quarter of 2022 from 3.4 percent in the previous period. It was the lowest jobless rate since the fourth quarter 2012, as the number of unemployed fell by 3,000 to 96 thousand while the number of employed increased by 8 thousand to 2.825 million. The labour force participation stood at 72.3 percent in the first quarter, unchanged from the previous quarter. source: Statistics Norway

Unemployment Rate in Norway averaged 3.80 percent from 1980 until 2022, 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 July of 2022.

Unemployment Rate in Norway is expected to be 4.50 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 4.00 percent in 2023, according to our econometric models.

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Norway Unemployment Rate



Calendar GMT Actual Previous Consensus TEForecast
2022-01-27 07:00 AM Q4 3.4% 4.2% 4.1%
2022-04-28 06:00 AM Q1 3.3% 3.4% 3.7%
2022-07-28 06:00 AM Q2 3.3%


Related Last Previous Unit Reference
Unemployment Rate 3.30 3.40 percent Mar 2022
Employed Persons 2825.00 2817.00 Thousand Mar 2022
Labor Force Participation Rate 72.30 72.30 percent Mar 2022
Youth Unemployment Rate 9.90 10.40 percent Mar 2022
Productivity 111.51 113.02 points Mar 2022
Job Vacancies 86300.00 92400.00 Dec 2021
Wage Growth 2.92 3.51 percent Mar 2022
Wages in Manufacturing 116.50 112.20 points Mar 2022
Population 5.37 5.33 Million Dec 2020
Wages 52180.00 50370.00 NOK/Month Mar 2022
Employment Rate 69.90 69.80 percent Mar 2022

Norway Unemployment Rate
In Norway, the unemployment rate measures the number of people actively looking for a job as a percentage of the labour force.
Actual Previous Highest Lowest Dates Unit Frequency
3.30 3.40 6.40 1.40 1980 - 2022 percent Quarterly
NSA

News Stream
Norway Jobless Rate Lowest Since 2012
Norway's unemployment rate inched down to 3.3 percent in the first quarter of 2022 from 3.4 percent in the previous period. It was the lowest jobless rate since the fourth quarter 2012, as the number of unemployed fell by 3,000 to 96 thousand while the number of employed increased by 8 thousand to 2.825 million. The labour force participation stood at 72.3 percent in the first quarter, unchanged from the previous quarter.
2022-04-28
Norway Jobless Rate Lowest in 2-1/2 Years
Norway's unemployment rate dropped to 3.4 percent in the fourth quarter of 2021 from 4.2 percent in the previous period. It was the lowest jobless rate since the second quarter 2019, as the number of unemployed fell by 24,000 to 99 thousand while the number of employed increased by 7 thousand to 2.817 million. The labor force participation decreased to 72.3 percent in the fourth from 72.8 in the previous quarter. For 2021 annual average, the unemployment rate declined to 4.4 percent from 4.6 percent in 2020.
2022-01-27
Norway Jobless Rate Falls to 1-1/2-Year Low
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.
2021-10-28