Long Term Unemployment Rate in Norway increased to 1.10 percent in the first quarter of 2021 from 0.90 percent in the fourth quarter of 2020. source: EUROSTAT

Long Term Unemployment Rate in Norway averaged 0.72 percent from 1995 until 2021, reaching an all time high of 2 percent in the second quarter of 1995 and a record low of 0.30 percent in the second quarter of 2000. This page provides - Norway Long Term Unemployment Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Norway Long Term Unemployment Rate - values, historical data and charts - was last updated on September of 2021.

Long Term Unemployment Rate in Norway is expected to be 1.20 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Norway Long Term Unemployment Rate is projected to trend around 0.40 percent in 2022 and 0.20 percent in 2023, according to our econometric models.

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Norway Long Term Unemployment Rate

Actual Previous Highest Lowest Dates Unit Frequency
1.10 0.90 2.00 0.30 1995 - 2021 percent Quarterly

Norway Labour Last Previous Highest Lowest Unit
Unemployment Rate 5.10 5.00 6.40 1.40 percent [+]
Employed Persons 2772.00 2699.00 2772.00 1885.00 Thousand [+]
Unemployed Persons 93914.00 101760.00 291072.00 38220.00 [+]
Labor Force Participation Rate 72.70 70.60 74.10 60.20 percent [+]
Long Term Unemployment Rate 1.10 0.90 2.00 0.30 percent [+]
Youth Unemployment Rate 14.70 12.80 14.80 5.60 percent [+]
Labour Costs 145.80 129.20 145.80 53.30 points [+]
Productivity 110.86 112.59 112.90 57.16 points [+]
Job Vacancies 74600.00 60000.00 84500.00 1395.00 [+]
Wage Growth 3.39 2.74 18.56 0.60 percent [+]
Wages in Manufacturing 116.00 112.50 152.20 78.90 points [+]
Population 5.37 5.33 5.37 3.57 Million [+]
Retirement Age Women 62.00 62.00 62.00 62.00 [+]
Retirement Age Men 62.00 62.00 62.00 62.00 [+]
Part Time Employment 668.60 648.10 699.00 531.90 Thousand [+]
Full Time Employment 1983.50 1937.40 1983.50 1558.80 Thousand [+]
Employment Change 0.40 -0.30 1.40 -2.70 percent [+]
Employment Rate 69.00 67.20 71.80 63.00 percent [+]
Wages 50750.00 49920.00 50750.00 20126.00 NOK/Month [+]


Norway Long Term Unemployment Rate
In Norway, the long term unemployment rate refers to the share of unemployed persons since 12 months or more in the total number of active persons (those who are either employed or unemployed) in the labour market.