NAV Norway Unemployment Change

Country:
Norway
NOK, Norwegian Krone
Sector:
Labor
Low 128.456 K 127.605 K
128.136 K
Last release Importance Actual Forecast
Previous
129.666 K
128.456 K
Next release Actual Forecast
Previous
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NAV Unemployment Change reflects unemployment dynamics in Norway measured based on the data provided by the Norwegian Labour and Welfare Administration (NAV).

The unemployed are defined as residents of Norway aged between 16 and 65 who were ready to start work but did not worked during the reported week, who have been seeking employment within the previous four weeks by applying to an employment agency or an employer directly, or by responding to job ad.

The Norwegian Labour and Welfare Administration (NAV) collects unemployment data based on applications submitted to NAV by job seekers. Only applications submitted or updated in the previous two weeks are included in the report.

This version of the indicator reflects absolute numbers. The indicator is used to assess the state of the country's labor market. It is not a forecast indicator, while its growth or decline is a result of changes in the economic situation.

Unemployment is important both from the social and economic point of view. The growth of unemployment leads to a decrease in the incomes of individuals and therefore to a decrease in consumer activity. In addition, this increases the pressure on the state budget and reduces tax revenues. Therefore, higher than expected indicator readings can be seen as negative for Norway krone quotes.

Last values:

actual data

forecast

The chart of the entire available history of the "NAV Norway Unemployment Change" macroeconomic indicator. The dashed line shows the forecast values ​​of the economic indicator for the specified dates.

A significant deviation of a real value from a forecast one may cause a short-term strengthening or weakening of a national currency in the Forex market. The threshold values ​​of the indicators signaling the approach of the critical state of the national (local) economy occupy a special place.

Date (GMT)
Reference
Actual
Forecast
Previous
Feb 2021
128.456 K
127.605 K
128.136 K
Jan 2021
128.102 K
127.294 K
124.312 K
Dec 2020
124.320 K
124.253 K
127.680 K
Nov 2020
127.742 K
143.417 K
117.873 K
Oct 2020
117.907 K
120.486 K
122.582 K
Sep 2020
122.633 K
132.066 K
134.522 K
Aug 2020
134.569 K
75.800 K
75.150 K
Feb 2020
75.150 K
75.670 K
Jan 2020
75.670 K
76.680 K
Dec 2019
76.680 K
76.670 K
Nov 2019
76.670 K
76.620 K
Oct 2019
76.620 K
76.540 K
Sep 2019
76.540 K
77.150 K
Aug 2019
77.150 K
78.600 K
Jul 2019
78.600 K
77.020 K
Jun 2019
77.020 K
77.790 K
May 2019
77.790 K
76.660 K
Apr 2019
76.660 K
78.320 K
Mar 2019
78.320 K
78.980 K
Feb 2019
78.980 K
79.680 K
Jan 2019
79.680 K
81.000 K
Dec 2018
81.000 K
80.750 K
Nov 2018
80.750 K
79.700 K
Oct 2018
79.700 K
81.040 K
Sep 2018
81.040 K
81.350 K
Aug 2018
81.350 K
83.930 K
Jul 2018
83.930 K
79.980 K
Jun 2018
79.980 K
80.210 K
May 2018
80.210 K
83.430 K
Apr 2018
83.430 K
83.630 K
Mar 2018
83.630 K
83.630 K
Feb 2018
83.630 K
83.930 K
Jan 2018
83.930 K
87.080 K
Dec 2017
87.080 K
87.130 K
Nov 2017
87.130 K
89.040 K
Oct 2017
89.040 K
90.970 K
Sep 2017
91.380 K
91.830 K
Aug 2017
91.830 K
92.990 K
Jul 2017
93.120 K
94.610 K
Jun 2017
94.610 K
95.660 K
May 2017
95.660 K
97.160 K
Apr 2017
97.160 K
97.850 K
Mar 2017
97.850 K
98.940 K
Feb 2017
98.940 K
99.790 K
Jan 2017
99.920 K
101.460 K
Dec 2016
101.460 K
101.690 K
Nov 2016
102.000 K
101.440 K
Oct 2016
101.440 K
100.750 K
Sep 2016
100.750 K
100.850 K
Aug 2016
100.850 K
101.170 K

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