Unemployment in Norway
Norway - UnemploymentIn Q1 2022, the economy contracted in sequential terms at the sharpest rate since the outbreak of the pandemic. Restrictions put in place in January to contain the spread of the Omicron variant hurt economic activity, which then picked up slightly in February and March after their removal. The GDP growth downturn in the quarter was broad-based, with private and public spending declining, and the external sector continuing to weigh on the reading. In Q2, activity should rebound. The manufacturing PMI showed that conditions improved at the strongest pace in five months in April. Additionally, government finances will be benefitting from high oil prices, boding well for a large fiscal surplus. That said, household spending could be in a tough spot, as price pressures hit an over 13-year high in April, likely capping consumption.
Norway - Unemployment Data
5 years of economic forecasts for more than 30 economic indicators.
Norway Unemployment Chart
Source: Statistics Norway.
|Bond Yield||1.58||-0.65 %||Jan 01|
|Exchange Rate||8.78||-0.38 %||Jan 01|
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August 10, 2022
Consumer prices increased 1.31% from the previous month in July, picking up from the 0.91% rise seen in June.
August 8, 2022
Industrial output slid 1.7% in month-on-month seasonally-adjusted terms in June, which contrasted May's 1.1% increase.
July 11, 2022
Consumer prices rose 0.91% from the previous month in June, picking up from the 0.25% increase recorded in May.
July 7, 2022
Industrial production rose 0.7% month-on-month in seasonally-adjusted terms in May (April: -0.3% mom).
July 7, 2022
Economic output rebounded in May, as GDP expanded 0.4% over the prior month in seasonally-adjusted terms, swinging from the 0.4% decline recorded in April.