Slight increase in unemployment

There were 118 000 unemployed persons in May, corresponding to 4.3 per cent of the Norwegian labour force, Statistics Norway (SSB) reports.

 

This is an increase by 5 000 persons from February (average of January-March) to May (average of April-June). The increase is within the error margin of the Labour Force Survey (LFS), but still in line with an increasing trend since May 2014.

The LFS shows that the seasonally-adjusted number of employed persons increased by 8 000 from February to May – a change which is within the error margin of the LFS. In May, the employment rate was 68.2 per cent, unchanged from February.

The labour force participation rate among the whole population aged 15-74 years increased from 71.3 per cent in the 2nd quarter of 2014 to 71.6 per cent in the 2nd quarter of 2015. More elderly people (aged 55 and more) are employed, and among youths (aged 15-24) the unemployment has increased. The other age groups saw either a decrease or small changes in the labour participation rate.

(NRK/Press release)

 

 

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