Financial News: Norway Jobless Rate Rises To 4.0%

Norway Jobless Rate Rises To 4.0%

04/25/2024 - 02:58:00 (RTTNews)

(RTTNews) - Norway's unemployment rate increased in March after falling in the previous month, the labor force survey data from Statistics Norway showed on Thursday.

The seasonally adjusted jobless rate came in at 4.0 percent in March, up from 3.4 percent in February.

In the corresponding month last year, the rate was 3.6 percent.

The number of unemployed people increased to 118,000 in March from 103,000 in the prior month, the agency said.

Data showed that the employment rate dropped to 69.6 percent from 69.8 percent.

On a trend basis, the unemployment rate remained stable at 3.9 percent in March.

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