Almost 100,000 will be unemployed this year

NAV- CEO Sigrun VågengNAV- CEO Sigrun Vågeng.Photo: Håkon Mosvold Larsen / NTB scanpix

More than 95,000 Norwegians will be unemployed by the end of the year, the latest estimates from the Nav reveal.

Nav’s updated forecasts were published Wednesday. Labour and Welfare director Sigrun Vågeng says that the oil will still be hit the hardest .
– We still have a twofold picture of the labor market.  The counties where the image intensifies, are the counties most affected by the oil business.  Vågeng says to Dagens Næringsliv.
In Nav’s view, the unemployment will increase in the coming months and be at more than 95,000 unemployed at the end of 2016.
From next year, unemployment will start to decline, according to the forecasts, but not enough to prevent the average unemployment rate in 2017 from being slightly higher than the average for 2016. While there was on average 80,600 unemployed last year, involves Navs estimates an average rate of 91,000 this year and 92,000 in 2017 .
– We think things are going to turn around in 2017 for most parts of the country, but it may take a little longer in Rogaland, says Vågeng.


Source: NTB scanpix / Norway Today