NAV reports another dip in layoffs

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Norway’s state welfare agency NAV reported this week that it received around 1,500 notices from employers of looming layoffs and furloughs in May. That compares to nearly double the amount received in the same month last year.

The latest decline in layoff notices brought them to their lowest level in three years, following another decline in April. So far this year, NAV has received 9,600 notices from employers to brace for new unemployed clients, down from 23,400 during the first five months of 2016.

Employers still laying off staff are mostly located in Western Norway, the area hit hardest by the collapse of oil prices. The counties of Rogaland, Hordaland and Møre og Romsdal stood for 55 percent of those facing unemployment, reported news burean NTB. staff