Norway’s jobless rate steady at 4% in August ’24

Norway’s labour market continued to display resilience in August 2024, maintaining a low unemployment rate and a strong employment level.

According to the latest data released by Statistics Norway, the number of unemployed individuals aged 15-74 remained stable at 120,000 in August. This equates to an unemployment rate of 4 per cent, unchanged from the previous month.

Meanwhile, the number of employed persons increased by 1,000 to 2,883,000. As a result, the employment rate for individuals aged 15-74 reached 69.5 per cent, the report added.

Attribution: Statistics Norway report

Subediting: M. S. Salama