Norway's unemployment rate inched up to 5.1 percent in the second quarter of 2021 from 5.0 percent in the previous period. It was the highest jobless rate since the third quarter 2020, as the number of unemployed increased by 8,000 to 149 thousand while the number of employed advanced by 73 thousand to 2.772 million. source: Statistics Norway

Unemployment Rate in Norway averaged 3.81 percent from 1980 until 2021, 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 October of 2021.

Unemployment Rate in Norway is expected to be 5.00 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 4.20 percent in 2022 and 4.00 percent in 2023, according to our econometric models.

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Norway Unemployment Rate


Calendar GMT Actual Previous Consensus TEForecast
2021-05-05 06:00 AM Mar 5% 4.8% 5.2%
2021-08-05 06:00 AM Q2 5.1% 5% 5.4%
2021-10-28 06:00 AM Q3 5.1% 5%


News Stream
Norway Jobless Rate Edges Up to 5.1% in Q2
Norway's unemployment rate inched up to 5.1 percent in the second quarter of 2021 from 5.0 percent in the previous period. It was the highest jobless rate since the third quarter 2020, as the number of unemployed increased by 8,000 to 149 thousand while the number of employed advanced by 73 thousand to 2.772 million.
2021-08-05
Norway Unemployment Rate Rises to 5% in Q1
Norway's unemployment rate rose to 5 percent in the first quarter of 2021 from 4.8 percent in the previous period, as the number of unemployed increased by 4,000 to 141 thousand while the number of employed declined by 7,000 to 2.699 million.
2021-05-05
Norway Jobless Rate Rises Less Than Expected
Norway's seasonally adjusted unemployment rate declined to 5 percent in the three months to December 2020 from 5.3 percent in the July-September period, and below market expectations of 5.2 percent. This was the lowest jobless rate since April-June period, as the number of unemployed fell by 6,000 from the three months to September to 143,000 while the number of employed increased by 16,000 to 2.709 million. A year earlier, the unemployment rate was 3.9 percent.
2021-01-28

Norway Last Unit Reference Previous Highest Lowest
Unemployment Rate 5.10 percent Jun/21 5.00 6.40 1.40
Employed Persons 2772.00 Thousand Jun/21 2699.00 2772.00 1885.00
Labor Force Participation Rate 72.70 percent Jun/21 70.60 74.10 60.20
Youth Unemployment Rate 14.70 percent Jun/21 12.80 14.80 5.60
Productivity 110.86 points Jun/21 112.59 112.90 57.16
Job Vacancies 74600.00 Mar/21 60000.00 84500.00 1395.00
Wage Growth 3.39 percent Jun/21 2.74 18.56 0.60
Wages in Manufacturing 116.00 points Jun/21 112.50 152.20 78.90
Population 5.37 Million Dec/20 5.33 5.37 3.57
Employment Rate 69.00 percent Jun/21 67.20 71.80 63.00
Wages 50750.00 NOK/Month Jun/21 49920.00 50750.00 20126.00


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.