Norway Unemployment Rate

Norway's seasonally adjusted unemployment rate edged up to 4.1% in October 2024 from 4.0% in the previous month. The number of unemployed persons rose slightly by one thousand to 124 thousand. Meanwhile, employment rate ticked lower to 70% from 70.1%, with the number of employed individuals dropping by 2 thousand to 2.907 million. The labor force participation rate fell slightly to 73% in October from 73.1% in September. Meanwhile, the youth unemployment rate, which measures the number of job-seekers between 15 to 24 years old, increased to 13.3% from 12.5% in the prior month.