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Norway — Unemployment stable at 3.1%

25 November 2009

According to the latest Labour Force Survey (LFS) published today by Statistics Norway the number of employed persons decreased by 23,000 or 0.8% in the third quarter of 2009. The unemployment rate remained stable at 3.1% of the labour force. The unemployment rate of August was revised down from 3.2% to 3.1%.

It is the young part of the working-age population that the decrease in the employment has mostly affected, and the decline is divided equally between men and women.

According to the LFS, the seasonally-adjusted unemployment increased by 3,000 persons from June to September. The increase is equivalent to an increase of 0.1 percentage point; this is within the error margin of the LFS.
In comparison for the same period, seasonally-adjusted figures for those registered unemployed with the Labour and Welfare Organisation (NAV) remained stable at the same level as in August. Including persons on government initiatives to promote employment there was an increase of 4,000.

The labour force is the sum of employment and unemployment. From June to September employment fell by 23,000, while there was an increase in unemployment of 3,000. This gives a decline in the labour force of 20,000. The latest quarterly LFS numbers (not seasonally adjusted) shows an increase in persons outside the labour force among students and early retired/disabled.

To read the full report please click here



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