Norwegian government expects unemployment rate of 4.4% in 2021

Sad manPhoto / illustration: Jonathan Rados / Unsplash

In the national budget for 2021, the Norwegian government estimates that 4.4% of the labor force will be unemployed next year, based on Statistics Norway’s (SSB) labor force survey (LFS).

That is a slight decrease compared to the estimate for this year, which is 4.7%.

The registered average unemployment rate at the Norwegian Labour and Welfare Administration (NAV) is expected to be 3.1% next year, compared with 4.9% this year.

The decline in employment of 1.6% this year is estimated to turn into an increase of 0.6% next year.

Number of unemployed Norwegians fell by 3,100 the last week

On Tuesday, NAV announced that a total of 194,800 people were registered as completely unemployed, partially unemployed, or job seekers on support measures.

That is 3,100 fewer than last week.

“Unemployment continues to fall.

“The fall in the number of job seekers this week is due to a decrease in the number of laid-off workers,” NAV director Hans Christian Holte noted in a press release.

© NTB Scanpix / #Norway Today


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