Norway's unemployment rate rose to 5 percent in the first quarter of 2021 from 4.8 percent in the previous period, as the number of unemployed increased by 4,000 to 141 thousand while the number of employed declined by 7,000 to 2.699 million. source: Statistics Norway
Unemployment Rate in Norway averaged 3.80 percent from 1980 until 2021, 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 May of 2021.
Unemployment Rate in Norway is expected to be 5.40 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 4.50 in 12 months time. In the long-term, the Norway Unemployment Rate is projected to trend around 4.20 percent in 2022 and 4.00 percent in 2023, according to our econometric models.