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Saturday, October 5, 2024

Unemployment rate creeps upwards

It’s long been expected that Norway’s relatively low unemployment rate would rise, and new figures confirm the trend. Officials at state statistics bureau SSB note, however, that the increase is much less than it was last year at this time.

Figures from state employment and welfare agency NAV showed that the total number of persons registering as being without work in Norway in February rose by 800, compared to a monthly increase in February last year of nearly 4,000.

All told, the total number of persons in Norway without work and seeking it was 83,400 at the end of February, up 16,000 from a year ago and amounting to an unemployment rate of 3.2 percent of the Norwegian workforce.

Total employment has risen, however, while SSB’s method of calculation (slightly different from NAV’s) showed an unemployment rate of 3.3 percent.

By Views and News staff

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