Join our community of traders FOR FREE!

  • Learn
  • Improve yourself
  • Get Rewards
Learn More

The seasonally adjusted unemployment rate in Norway has decreased to 3.7% in November from 4% in October, data by Statistics Norway showed.

It has been the lowest jobless rate since February.

The number of unemployed individuals dropped by 11,000 from a month ago to 111,000 in November.

At the same time, the number of employed individuals went up by 6,000 to 2.915 million in November.

And, the youth unemployment rate in the country, which tracks job-seekers aged between 15 and 24, decreased to 9.8% in November from 13% in the preceding month.

Finally, the labor force participation rate edged lower to 72.8% in November from 73% in October, the data showed.

The Norwegian Krone was last 0.16% firmer on the day against the Euro, with the EUR/NOK currency pair trading at 11.7653.

TradingPedia.com is a financial media specialized in providing daily news and education covering Forex, equities and commodities. Our academies for traders cover Forex, Price Action and Social Trading.

Related News

  • Forex Market: GBP/JPY hits session highs as UK jobless claims fall, claimant count rate dropsForex Market: GBP/JPY hits session highs as UK jobless claims fall, claimant count rate drops British pound climbed to daily highs against the Japanese yen on trading Wednesday, following official data to show the number of jobless claims in the United Kingdom fell more than projected and the claimant count rate decreased in February. […]
  • AUD/USD hits 1-week low as Fed reinforces hawkish stanceAUD/USD hits 1-week low as Fed reinforces hawkish stance The Australian Dollar retreated to a fresh one-week low against its US counterpart on Thursday, after the Federal Reserve left interest rates intact, but toughened a hawkish monetary policy stance.As a result, the US Dollar scaled a […]
  • Forex Market: EUR/CHF daily trading forecastForex Market: EUR/CHF daily trading forecast Yesterday’s trade saw EUR/CHF within the range of 1.1993-1.2024. The pair closed at 1.2012, losing 0.01% on a daily basis.At 7:23 GMT today EUR/CHF was unchanged for the day to trade at 1.2012. The pair touched a daily low at 1.2011 at […]
  • Bentley to produce 1 EV per year for 5 years from 2025Bentley to produce 1 EV per year for 5 years from 2025 Bentley on Tuesday announced plans to manufacture 1 new electric model per year for 5 years from 2025, as the company reported a considerable surge in its annual profit.Bentley’s earnings stood at EUR 389 million in 2021, which […]
  • Forex Market: GBP/USD daily trading outlookForex Market: GBP/USD daily trading outlook Yesterday’s trade saw GBP/USD within the range of 1.4381-1.4653. The pair closed at 1.4585, soaring 1.22% on a daily basis. It has been the 9th gain in the past 23 trading days. In addition, the daily high has been the highest level since […]
  • GBP/USD off more than two-year highs amid Fed tapering decisionGBP/USD off more than two-year highs amid Fed tapering decision The pound rebounded from more than-two year highs against the US dollar amid Feds decision to trim its monthly asset purchases at the policy meeting on Wednesday.Having reached a session low at 1.6366 at 02:15 GMT, GBP/USD traded at 1.6369 […]