Norway unemployment rate

Norway’s unemployment rate decreased to 5.0 by -3.85% on October 2020 from 5.2 in the previous month. On a year on year basis Norway’s unemployment rate increased by 31.58%. Norway’s unemployment rate trend is up since the current value of 5.0 is higher than the 12 month moving average of 4.43333. and the 12 month moving average slope is up. Norway’s unemployment rate 5-year percentile is currently at 91.67%.

Norway unemployment rate Chart

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DateValue
31-12-213,40
30-09-214,20
30-06-215,10
31-03-215,00
31-12-204,80
30-11-205,00
31-10-205,20
30-09-205,40
31-08-205,30
31-07-205,20

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Norway unemployment rate

Norway Unemployment rate Statistics

Click here to explore the methodology used for estimating the Norway unemployment rate signals presented in the statistics table below.

IndicatorSymbolActualPreviousM/M%Y/Y%TrendSlopeZS5YUpdate
unemployment rateno.unemploymentrate55.2-0.03846150.3157891.01.00.9166672020-10-31

Norway Financial Markets

MarketSymbolLastMomTrendExhRSI1D%1W%1M%1Y%
Oslo OBXOBX1390.91012.037160.992-0.01579-0.010830.02630.2145
Norway ETFENOR310.511.8785865.75100.002910.06970.11792
Norwegian Krone US Dollar (NOK/USD)NOKUSD8.6726-1-0.5-0.0472439.7425-0.00429-0.01011-0.023690.02158
Norway 10-Year Bond YieldNO.10Y2.675113.3585776.52680.005640.084310.3810.76801
Norway 5-Year Bond YieldNO.5Y2.2830.512.4967266.3992-0.017220.052560.134691.07923
Norway 2-year bond yieldNO.2Y1.421112.3470581.53440.008520.094760.319413.53994
Norway Yield CurveNO.YC0.72111.3938267.4062-18.83-28.78-34.3121.1

Norway Financial News Stream

Norway PPI Index2022-08-10 12:39:05

Norway Macroeconomic Indicators

IndicatorSymbolActualPreviousM/M%Y/Y%TrendSlopeZS5YUpdate
balance of tradeno.balanceoftrade87500866001.04266.14UPUP93.332022-07-08
building permitsno.buildingpermits284926915.87-10.94UPDown71.672022-07-31
business confidenceno.bizconfidence3.28.2-60.98-43.86UPDown46.672022-07-21
capacity utilizationno.caputilization80.981.5-0.742.02UPUP902022-07-31
capital flowsno.capitalflows32004023821234.352863.06UPUP1002022-06-06
car registrationsno.carregistrations1123213324-15.7-23.04DownDown8.332022-08-06
central bank balance sheetno.cb.assets1247790012718500-1.890.49DownUP83.332022-07-22
consumer confidenceno.consconfidence-11.70.7-1771.43-180.14DownDown6.672022-05-23
consumer price index cpino.cpi124.2122.61.316.79UPUP1002022-08-11
core inflation rateno.coreinflationrate3.63.45.88140UPUP98.332022-07-11
current accountno.currentaccount34105526948226.56439.38UPUP1002022-05-26
current account to gdpno.currentaccountgdp151.11263.6441.51UPUP02022-07-22
deposit interest rateno.depositrate-1-10-3-1.0-1.00.1833332020-12-31
exportsno.exports1766011755930.5779.92UPUP96.672022-07-08
external debtno.externaldebt646228063895701.1417.88UPUP98.332022-06-06
fiscal expenditureno.fiscalexp4325673987508.4821.18UPUP98.332022-05-23
foreign direct investmentno.fdi-2401710237-3.3461-8.18857-1.0-1.00.06666672020-10-01
foreign exchange reservesno.fxreserves763439777939-1.866.54UPUP93.332022-08-06
gdpno.gdp403.336434.167-0.07101180.00598348-1.01.002019-01-31
Real GDPno.realgdp928081937983-1.063.82UPUP96.672022-05-15
gdp growthno.gdpgrowth-100-600DownDown11.672022-05-04
gdp growth annualno.gdpgrowthan-1.4-0.61.333332.5-1.0-1.00.952021-01-01
government budgetno.govbudget9.1-2.6-450-10.78UPDown02022-05-04
Government budgetno.govbudgetvalue94984898425.723129.65UPUP852022-05-23
government debtno.govdebt79732465253322.1922.97UPUP1002022-06-22
government debt to gdpno.govdebtgdp43.245.9-5.884.1UPUP02022-04-29
government revenuesno.govrev5275514885927.9746.59UPUP1002022-05-23
housing indexno.housingindex321.46326.58-1.575.78UPUP93.332022-08-06
housing startsno.housingstarts25522777-8.1-10.71UPDown41.672022-07-31
importsno.imports89143.389253.6-0.1220.05UPUP96.672022-07-08
industrial productionno.indproduction2.34.9-53.069.52DownUP61.672022-08-11
industrial production momno.indproductionmm-1.71.1-254.54466.67DownDown202022-08-11
inflation cpino.inflationcpi6.86.37.94134.48UPUP1002022-08-11
interbank rateno.interbankrate0.240.26-0.0769231-0.333333-1.0-1.00.01666672021-06-02
interest rateno.interestrate0.251-0.75-0.8-1.0-1.00.01666672020-03-20
lending rateno.lendingrate11.25-0.2-0.5-1.0-1.00.01666672020-05-31
loan growthno.loangrowth5.250.040.1063831.01.00.8333332021-04-30
loans to private sectorno.loanprivate212249020819101.957.2UPUP1002022-08-06
long term unemployment rateno.ltunemploymentrate1.10.90.2222220.11.01.00.5166672021-01-01
Norwayno.manpmi54.656-2.5-12.49DownDown452022-08-11
money supply m0no.msm0812516446526.04-29.67UPDown452022-08-06
money supply m1no.msm1291834028334902.998.69UPUP1002022-08-06
money supply m2no.msm2311629030311502.818.71UPUP1002022-08-06
new home salesno.newhomesales406910883-62.61-19.28DownDown102022-08-06
Producer Price Indexno.producerprices215200.57.2368.76UPUP1002022-07-11
PPI Indexno.producerpricesch68.864.66.537.33UPUP97.52022-08-10
retail sales MoMno.retailsales0-0.9-100-100UPDown46.672022-07-31
retail salesno.retailsalesan-8.2-8.8-6.828100DownDown3.332022-07-31
unemployment rateno.unemploymentrate55.2-0.03846150.3157891.01.00.9166672020-10-31
youth unemployment rateno.ytunemploymentrate10.99.910.1-7.63DownDown71.672022-07-31

Norway unemployment rate analysis

Norway’s unemployment rate is the percent of the labor force that is jobless. Unemployment rate is a lagging economic indicator. Explore MacroVar financial knowledge base structured by professional fund managers and economists.

Norway unemployment rate trend

Norway unemployment rate trend is in an uptrend when the last value is higher than its twelve-month moving average and its twelve-month moving average slope is positive (last twelve-month moving average is higher than the previous month twelve-month moving average) and vice-versa. MacroVar calculates the number of months the Norway unemployment rate has recorded new highs or lows. Norway unemployment rate trend change is assumed when the specific indicator has recorded a 3-month high / low or more.

Norway unemployment rate momentum

Norway unemployment rate momentum is monitored by calculating its long-term year over year (Y/Y) return and its short-term month on month (M/M) return.