Unemployment on the rise in Norway
The new numbers indicate an increase from 4.3 percent in March to 4.6 percent in June this year.
Statistisk sentralbyrå presented the survey Arbeidskraftsundersøkelsen (AKU), a survey mapping the Norwegian labor force, Thursday.
The numbers which were adjusted according to the spring and summer season indicate that the total number of unemployed people was 108,000 people in June. All in all there were 92,000 registered as unemployed in July.
This indicates that the development in the labor market is remains weak. The only positive feature is that the employment rate is increasing slightly, but we should be careful not to conclude anything based on this, said Roger Hammersland, senior economist at Handelsbanken to TV 2 Nettavisen.
According to a survey by the news agency TDN Finans where they asked seven macro economists, the economists stated that they expected an unemployment rate of 4.7 percent.
According to Statistisk Sentralbyrå, the season adjusted numbers indicate that the number of employed individuals fell with 5.000 from the three month period February-April to May-June.
Numbers provided by OECD and Eurostat indicate that Norway is not alone when experiencing increased unemployment this summer. During the same time period the unemployment rate in the European Union increased from 8.0 to 8.1 percent, and in the OECD countries the collected unemployment rate increased from 7.0 to 7.3 percent. In the US the unemployment rate was 6.4 percent in June of this year, up 0.6 percent points from March.
The unemployment rate in Sweden increased from 5.3 to 5.4 percent, while the unemployment rate went up from 9.1 to 9.3 percent in Finland. The unemployment increased in the same period in both Germany and France.
Aetat, the national employment agency, will present its updated unemployment numbers for the last couple of months at noon today.
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