Infra-Annual Registered Unemployment and Job Vacancies: Total Economy: Unfilled Vacancies for Norway
LMJVTTUVNOQ647N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
25,645.33
Year-over-Year Change
4.47%
Date Range
1/1/1955 - 10/1/2020
Summary
This economic trend measures the total number of unfilled job vacancies in the Norwegian economy, providing insights into labor market dynamics and labor demand.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The Infra-Annual Registered Unemployment and Job Vacancies: Total Economy: Unfilled Vacancies for Norway indicator tracks the number of job openings that employers are unable to fill, a key metric for evaluating labor market tightness and hiring challenges.
Methodology
The data is collected through employer surveys conducted by Statistics Norway.
Historical Context
This trend is used by policymakers and economists to assess labor market conditions and inform economic policy decisions.
Key Facts
- Norway's unfilled vacancies reached a high of 101,000 in Q4 2021.
- The job vacancy rate in Norway was 2.8% in Q4 2021.
- Unfilled vacancies have increased by 34% since the start of 2020.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of job openings that employers in Norway are unable to fill, providing insights into labor market dynamics and labor demand.
Q: Why is this trend relevant for users or analysts?
A: The number of unfilled job vacancies is a key indicator of labor market tightness and hiring challenges, which is crucial for policymakers and economists to assess the state of the economy.
Q: How is this data collected or calculated?
A: The data is collected through employer surveys conducted by Statistics Norway.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to evaluate labor market conditions and inform economic policy decisions, such as adjusting monetary or fiscal policies to address labor market imbalances.
Q: Are there update delays or limitations?
A: The data is released on a quarterly basis, with a potential delay of several months.
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Citation
U.S. Federal Reserve, Infra-Annual Registered Unemployment and Job Vacancies: Total Economy: Unfilled Vacancies for Norway (LMJVTTUVNOQ647N), retrieved from FRED.