Unemployment in Norway continues to fall and is now back to the level it was in the summer of 2019.
In the last quarter of 2021, unemployment was 3.5% – significantly lower than in the same quarter the year before and close to the average of the last 25 years, according to Statistics Norway (SSB).
“We see that the corona crisis led to the largest peak of unemployment figures in the last 25 years, but at least so far it also had the shortest duration when it comes to increased unemployment,” section manager Tonje Køber in SSB stated.
In the third quarter of 2020, 5.3% of the labor force was registered as unemployed, while the figure fell to 3.5% in the last quarter of 2021.
“After these major upheavals during 2020, it seems that in 2021 we gradually returned to a more normal situation when it comes to the distribution of the unemployed in terms of how long they have been looking for work,” the SSB noted.
Last year, the employment rate was highest in Western Norway. It was the lowest in Agder and South-Eastern Norway.
Source : © NTB Scanpix / #Norway Today / #NorwayTodayFinance
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