Norway Unemployment Rate

Norway’s seasonally adjusted unemployment rate increased to 4.4% in March 2025 from an upwardly revised 4.0% in the previous month. It was the highest unemployment rate since January 2024, with the number of unemployed persons rising by 11 thousand from a month earlier to 133 thousand. Meanwhile, the employment rate declined to 69.2% in March from 69.8% in February, with the number of employed individuals falling by 24 thousand to 2.882 million. The labor force participation rate decreased to 72.4% from 72.7%. In the meantime, the youth unemployment rate, which measures the number of job-seekers between 15 to 24 years old, climbed to 13.9% from 12.6% in the previous month.