Stability in Unemployment Rates: A Mixed Picture for Young Workers
Unemployment in Norway has held steady at 4.5 percent for the past three months, as revealed by the recent Labor Force Survey from Statistics Norway (SSB). This figure marks a slight decline of 0.1 percent compared to the numbers reported in June, July, and August.
While the overall rate reflects a modest improvement since the summer, it paints a more concerning picture for younger job seekers. “For those aged 15 to 24, the unemployment rate has now reached the highest level recorded in the last two decades, with the exception of three months during the pandemic,” states senior advisor Håvard Lien.
Notably, the figures for October have been adjusted, revised down from an earlier estimate of 4.7 percent to the current 4.5 percent.
(© NTB)