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.