Infra-Annual Registered Unemployment and Job Vacancies: Total Economy: Registered Unemployment for Norway
LMUNRRTTNOM156S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.83
Year-over-Year Change
9.97%
Date Range
1/1/1995 - 1/1/2024
Summary
This economic trend measures the total number of registered unemployed individuals in Norway, providing insight into the country's labor market dynamics.
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 Registered Unemployment for Norway indicator tracks the total number of individuals registered as unemployed with the Norwegian Labor and Welfare Administration. This metric is a key indicator of labor market conditions and is used by policymakers and economists to monitor the health of the Norwegian economy.
Methodology
The data is collected through the registration and reporting systems of the Norwegian Labor and Welfare Administration.
Historical Context
Registered unemployment figures are closely watched by policymakers and market analysts to assess the overall state of the Norwegian labor market and inform economic policy decisions.
Key Facts
- Norway's registered unemployment rate was 3.5% in 2022.
- Registered unemployment in Norway decreased by 0.2% year-over-year in Q4 2022.
- The services sector accounts for the largest share of registered unemployed individuals in Norway.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of individuals registered as unemployed with the Norwegian Labor and Welfare Administration, providing insights into the country's labor market conditions.
Q: Why is this trend relevant for users or analysts?
A: Registered unemployment figures are a key indicator of the health of the Norwegian labor market and are closely monitored by policymakers and market analysts to inform economic decisions.
Q: How is this data collected or calculated?
A: The data is collected through the registration and reporting systems of the Norwegian Labor and Welfare Administration.
Q: How is this trend used in economic policy?
A: Registered unemployment figures are used by policymakers and economists to assess the overall state of the Norwegian labor market and inform policy decisions aimed at promoting employment and economic growth.
Q: Are there update delays or limitations?
A: The data is reported on an infra-annual basis, with some potential for delays in the reporting of the latest figures.
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Citation
U.S. Federal Reserve, Infra-Annual Registered Unemployment and Job Vacancies: Total Economy: Registered Unemployment for Norway (LMUNRRTTNOM156S), retrieved from FRED.