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HomeNewsNorwegian Unemployment Drops to Five-Month Low: July Figures Show Improvement

Norwegian Unemployment Drops to Five-Month Low: July Figures Show Improvement

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  • Unemployment in Norway dropped below 4% in July, reaching its lowest level in five months.
  • The unemployment rate stood at 3.9%, a decrease from June’s 4.1%.
  • Employment rate slightly declined from 69.8% in June to 69.7% in July.

Oslo, August 26 (Peniaze24.sk) – Unemployment in Norway fell below 4% in July, reaching its lowest level in five months, reports RTTNews, citing data from the Norwegian statistics office. The unemployment rate in Norway was 3.9% in July, down from 4.1% in June. June’s unemployment rate remained steady from the previous month. July’s unemployment is the lowest since February this year, when Norway recorded an unemployment rate of 3.4%.

However, the employment rate slightly declined. While it was 69.8% in June, it fell to 69.7% in July.

Table: Development of Unemployment and Employment Rates in Norway (2024)

MonthUnemployment (%)Employment (%)
February3.470.1
March3.670.0
April3.869.9
May4.069.8
June4.169.8
July3.969.7

Keywords: unemployment, Norway, statistics, employment, economy

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