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. source: Statistics Norway
Unemployment Rate in Norway averaged 3.70 percent from 1997 until 2020, reaching an all time high of 5.30 percent in August of 2020 and a record low of 2.40 percent in October of 2007. 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 February of 2021.
Unemployment Rate in Norway is expected to be 5.60 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 4.40 in 12 months time. In the long-term, the Norway Unemployment Rate is projected to trend around 3.70 percent in 2022, according to our econometric models.