Norway's unemployment rate inched down to 3.2 percent in the third quarter of 2022 from 3.3 percent in the previous period. It was the lowest jobless rate since the fourth quarter 2012, as the number of unemployed decreased by 2 thousand to 96 thousand while the number of employed decline by 2 thousand to 2.862 million. The labour force participation edged down to 72.9 percent in the third quarter from 73.1 percent in 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 November of 2022.

Unemployment Rate in Norway is expected to be 3.60 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 3.80 percent in 2023 and 3.70 percent in 2024, according to our econometric models.

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Norway Unemployment Rate



Calendar GMT Actual Previous Consensus TEForecast
2022-07-28 06:00 AM Q2 3.3% 3.3% 3.4%
2022-10-27 06:00 AM Q3 3.2% 3.3% 3.4%


Related Last Previous Unit Reference
Unemployment Rate 3.20 3.30 percent Sep 2022
Employed Persons 2862.00 2864.00 Thousand Sep 2022
Labor Force Participation Rate 72.90 73.10 percent Sep 2022
Youth Unemployment Rate 9.20 10.90 percent Sep 2022
Productivity 111.13 110.99 points Sep 2022
Job Vacancies 118000.00 104900.00 Jun 2022
Wage Growth 3.83 2.68 percent Sep 2022
Wages in Manufacturing 113.90 118.60 points Sep 2022
Population 5.43 5.37 Million Dec 2021
Employment Rate 70.50 70.70 percent Sep 2022
Wages 52540.00 52180.00 NOK/Month Jun 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
3.20 3.30 6.40 1.40 1980 - 2022 percent Quarterly
NSA

News Stream
Norway Jobless Rate Falls to Near a Decade Low
Norway's unemployment rate inched down to 3.2 percent in the third quarter of 2022 from 3.3 percent in the previous period. It was the lowest jobless rate since the fourth quarter 2012, as the number of unemployed decreased by 2 thousand to 96 thousand while the number of employed decline by 2 thousand to 2.862 million. The labour force participation edged down to 72.9 percent in the third quarter from 73.1 percent in the previous quarter.
2022-10-27
Norway Jobless Rate Stays at 9-1/2-Year Low
Norway's unemployment rate stood at 3.3 percent in the second quarter of 2022, unchanged from the previous period. It remained the lowest jobless rate since the fourth quarter 2012, as the number of unemployed decreased by 2,000 to 98 thousand while the number of employed increased by 39 thousand to 2.864 million. The labour force participation climbed to 73.1 percent in the second quarter from 72.3 percent in the previous quarter.
2022-07-28
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