Unemployment in Norway fell to 3.1% in February

Unemployment in Norway fell to 3.1% in February, new figures from Statistics Norway (SSB) show.

From November last year to February this year, there were 10,000 fewer unemployed people in Norway. In the same period, there was a very marginal increase in the number of jobs, the SSB announced on Thursday.

Unemployment fell from 3.5% in November 2021 to 3.1% in February, according to the seasonally adjusted figures from the Labor Force Survey (LFS).

In February, there were 90,000 unemployed people between the ages of 15 and 74 in Norway – a decrease of 10,000 from November. A total of 2,820,000 people are employed in Norway.

There are 20,000 more people working in Norway now than in November, which means that the workforce has increased.

“From June 2021 and up to the autumn, unemployment fell sharply, at the same time as there was a significant increase in the number of jobs. This increase in the number of jobs has leveled off recently,” section manager Tonje Køber at the SSB noted.

From January to February, the number of jobs decreased for the first time since the spring of 2021. The reduction was highest in health and social services, with just over 3,500 fewer jobs compared with the previous month.

This is seen in connection with the corona pandemic, when the need for employees in the health care system was great throughout 2021 but has now begun to decrease. Køber states that the fall in the number of positions in this sector has continued in March.

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

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