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

  • Euro Area reports EUR 15 billion trade surplus in AprilEuro Area reports EUR 15 billion trade surplus in April The Euro Area has reported a trade surplus of EUR 15 billion in April, compared with a deficit of EUR 11.1 billion in April last year.The latest figure fell short of market consensus of EUR 20 billion.The bloc's total imports went […]
  • Apple to acquire PrimeSense – company behind Xbox 360 Kinect sensorApple to acquire PrimeSense – company behind Xbox 360 Kinect sensor Apple is believed to be in a process of acquiring PrimeSense, an Israeli semiconductor company, for $345 million according to the Israeli newspaper Calcalist. It claims Apple has finalized the acquisition, with plans for an announcement within […]
  • Forex Market: USD/CAD daily trading forecastForex Market: USD/CAD daily trading forecast Yesterday’s trade saw USD/CAD within the range of 1.2591-1.2707. The daily high has also been the highest level since March 20th, when a high of 1.2727 was recorded. The pair closed at 1.2675, up 0.51% on a daily basis and extending gains from […]
  • Oil weekly recap, March 24 – March 28Oil weekly recap, March 24 – March 28 Both West Texas Intermediate and Brent crude benchmarks rose on Friday and closed the week higher, supported by upbeat data from the US and concerns that tension in Ukraine may escalate. Supplies at the biggest US storage hub dropping to a […]
  • Natural gas extends gains on cold weather outlook, inventories dataNatural gas extends gains on cold weather outlook, inventories data Natural gas rose for a sixth day in seven and is expected to continue advancing through next week on forecasts for cooler-than-average weather in the U.S., stoking demand for the power-station fuel.On the New York Mercantile Exchange, […]
  • Natural gas trading outlook: futures edge higher on colder end to DecemberNatural gas trading outlook: futures edge higher on colder end to December Natural gas extended Fridays hefty gains as weather patterns for the end of the month continued to trend colder during the weekend, providing support after recent bearish headwinds.On the New York Mercantile Exchange, natural gas for […]