Lowest unemployment in 10 years

Bookmark and Share

A total of 59,500 people in Norway were registered as being without work and receiving unemployment benefits in October. That’s the lowest level recorded by state welfare agency NAV for more than 10 years, reports news bureau NTB.

The number of unemployed amounted to 2.2 percent of the work force in Norway last month, adjusted for seasonal variations.

The unemployment rate that also includes people registered by NAV as looking for work amounted to 2.7 percent of the workforce.

The low unemployment rates reflects Norway’s strong economy that has continued to grow despite international uncertainty and increased opposition to Norway’s oil industry. It has recovered from the oil price collapse five years ago, but remains responsible for most of Norway’s carbon emissions and is a target of climate and environmental activist who want to phase it out.

newsinenglish.no staff