Norway’s employment rate drops slightly in November

Norway’s seasonally-adjusted employment rate dropped 0.5 percentage points to 66.8 percent in November. The number of employed persons fell 14,000 from August to November. But since the population aged 15-74 years rose in this period, the rate of employment fell 0.5 percentage points.

The jobless rate dropped 0.2 percentage points or by 6000 persons to November from August, according to seasonally adjusted figures from LFS, noted Statistics Norway. The number of people registered as unemployed or on government initiatives to promote employment with the Labour and Welfare Administration remained unchanged in the same period.

The LFS indicates that between summer 2014 and fall 2015 there has been a slow rise in seasonally adjusted unemployment. The past year alterations in unemployment have mainly been within the LFS error margin and the level has moved between 4.6 and 5 percent of the labor force, stated Statistics Norway.