Norway Unemployment Rate

Norway’s seasonally adjusted unemployment rate rose to 4% in March 2024 from a downwardly revised 3.4% in the previous month. The number of unemployed persons increased by 15 thousand from a month earlier to 118 thousand. Meanwhile, the number of employed persons dropped by 8 thousand to 2.875 million. The labor force participation rate edged up to 72.5% in March, compared to February’s 72.3%. Meantime, the youth unemployment rate, which measures the number of job-seekers between 15 to 24 years old, rose to 11% from 10.7% in the prior month.