Norway labor market likely deteriorated in June

Norway's  two unemployment figures are scheduled to release in this week. After a strong surge in unemployment in the labour force survey but a more moderate rise in the Norwegian Labour and Welfare Administration's figures for gross unemployment over the past year, the latter also climbed by 2,500 in July.

However, the LFS unemployment is likely to level off at 4.3% in June (May-July), moreover, the figures should confirm that the labour market is deteriorating, albeit somewhat less dramatically than in the previous months, states Danske Bank.