Unemployment in Norway rises as the number of vacancies shrinks
The number of those without a job in Norway has increased since the spring, and more recently, the number of open vacancies has begun to fall, the latest figures from Statistics Norway reveal.
Unemployment in Norway is rising, the latest figures from the national data agency Statistics Norway (SSB) indicate.
Between April 2022 and November, unemployment in Norway increased from 3.1 percent to 3.3 percent. The rise in unemployment comes following a steep decrease in those out of work between 2020 and 2022.
“After a long period of high temperatures on the labour market, it now appears that we have a weak, upward trend in unemployment,” Tonje Køber at Statistics Norway said in the report.
More recently, between September and October, there were 1,300 fewer job listings on the market. The decline marked the first time since February that there was a drop in the number of jobs available.
Recent figures from a poll carried out by the Confederation of Norwegian Enterprise (NHO) revealed that over a quarter of member businesses plan on cutting back on staff numbers in the next six months.
Previously, Statistics Norway has predicted that unemployment in Norway will rise to 3.7 percent in 2023 and exceed four percent by 2025.
Overall, the outlook for workers in Norway isn’t too rosy, as it is likely that real-term wages will shrink in 2023.
READ MORE: What workers in Norway should expect from the job market in 2023?
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Unemployment in Norway is rising, the latest figures from the national data agency Statistics Norway (SSB) indicate.
Between April 2022 and November, unemployment in Norway increased from 3.1 percent to 3.3 percent. The rise in unemployment comes following a steep decrease in those out of work between 2020 and 2022.
“After a long period of high temperatures on the labour market, it now appears that we have a weak, upward trend in unemployment,” Tonje Køber at Statistics Norway said in the report.
More recently, between September and October, there were 1,300 fewer job listings on the market. The decline marked the first time since February that there was a drop in the number of jobs available.
Recent figures from a poll carried out by the Confederation of Norwegian Enterprise (NHO) revealed that over a quarter of member businesses plan on cutting back on staff numbers in the next six months.
Previously, Statistics Norway has predicted that unemployment in Norway will rise to 3.7 percent in 2023 and exceed four percent by 2025.
Overall, the outlook for workers in Norway isn’t too rosy, as it is likely that real-term wages will shrink in 2023.
READ MORE: What workers in Norway should expect from the job market in 2023?
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