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SSB: Unemployment in Norway falls to 3.1%

Photo: Audun Braastad / NTB

Unemployment in Norway fell to 3.1% in July, down 0.1% from April. In July, there were 91,000 unemployed people in the country, according to seasonally adjusted figures from Statistics Norway’s (SSB) labor force survey.

The figures show that there were 3,000 fewer unemployed people in July, which corresponds to an unemployment rate of 3.1%. The proportion of employed people fell by 0.4% to 70.2%.

From July 2021 to July 2022, the unemployment rate has fallen by 1.4%.

From April to July, there were 12,000 fewer people in the workforce. This corresponds to a decrease of 0.5% when the workforce is measured as a percentage of the population.

Both changes are within the margin of error in the survey.

“The fact that we are now seeing a slight decrease in the workforce and that the unemployment rate has leveled off may indicate that the high activity in the market we have recently seen has become more moderate,” section head Tonje Køber at Statistics Norway said.

Source: © NTB Scanpix / #Norway Today / #NorwayTodayFinance

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