Norway Unemployment Rate

Norway’s seasonally adjusted unemployment rate inched up to 3.8% in February 2025 from 3.7% in the previous month. The number of unemployed persons rose by 3 thousand from a month earlier to 116 thousand. Meanwhile, the employment rate ticked down to 69.8% in February from 69.9% in January, with the number of employed individuals falling by 2 thousand to 2.907 million. The labor force participation rate edged lower to 72.6% from 72.7%. In the meantime, the youth unemployment rate, which measures the number of job-seekers between 15 to 24 years old, increased to 11.8% from 11.3% in the previous month.