Norway's seasonally adjusted unemployment rate stood at 5.2 percent in the three months to October 2020, unchanged from the May-July period, but below market expectations of 5.3 percent. The number of unemployed declined by 1,000 from the three months to July to 147,000 while the number of employed increased by 17,000 to 2.705 million. A year earlier, the unemployment rate was 3.9 percent. source: Statistics Norway

Unemployment Rate in Norway averaged 3.69 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 December of 2020.

Unemployment Rate in Norway is expected to be 5.50 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 4.70 in 12 months time. In the long-term, the Norway Unemployment Rate is projected to trend around 4.40 percent in 2021 and 3.70 percent in 2022, according to our econometric models.

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Norway Unemployment Rate

Actual Previous Highest Lowest Dates Unit Frequency
5.20 5.30 5.30 2.40 1997 - 2020 percent Monthly


Calendar GMT Actual Previous Consensus TEForecast
2020-08-26 06:00 AM Jun 5.2% 4.6% 4.7% 4.8%
2020-09-23 06:00 AM Jul 5.2% 5.2% 5.3% 5.4%
2020-10-22 06:00 AM Aug 5.3% 5.2% 5.1% 5.4%
2020-11-25 07:00 AM Sep 5.2% 5.3% 5.3% 5.5%
2020-12-22 07:00 AM Oct 5.2% 5.2% 5.1%
2021-01-04 07:00 AM Oct
2021-01-22 07:00 AM Nov
2021-02-26 07:00 AM Dec


News Stream
Norway Jobless Rate Below Expectations
Norway's seasonally adjusted unemployment rate stood at 5.2 percent in the three months to October 2020, unchanged from the May-July period, but below market expectations of 5.3 percent. The number of unemployed declined by 1,000 from the three months to July to 147,000 while the number of employed increased by 17,000 to 2.705 million. A year earlier, the unemployment rate was 3.9 percent.
2020-11-25
Norway Jobless Rate Rises to Record High
Norway's seasonally adjusted unemployment rate increased to 5.3 percent in the three months to September 2020, above market expectations of 5.1 percent and the highest rate since the series began in January-March 1997 period. The number of unemployed rose by 19,000 from the three months to June to 150,000 while the number of employed declined by 1,000 to 2.692 million.
2020-10-22
Norway Jobless Rate Below Expectations
Norway's seasonally adjusted unemployment rate increased to 5.2 percent in the three months to August 2020, but below market expectations of 5.3 percent. The number of unemployed rose by 32,000 from the three months to April to 148,000 while the number of employed declined by 30,000 to 2.688 million.
2020-09-23
Norway Jobless Rate Rises to Record High
Norway's seasonally adjusted unemployment rate increased to 5.2 percent in the three months to July 2020, far above market expectations of 4.7 percent and the highest rate since the series began in January-March 1997 period. The number of unemployed rose by 48,000 from the three months to April to 149,000 while the number of employed declined by 43,000 to 2.690 million.
2020-08-26

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.