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2025.08.2706:11:16UTC+00Norway Jobless Rate Drops to 4.5% in July

In July 2025, Norway's seasonally adjusted unemployment rate decreased to 4.5%, following a revised 5.5% in June, which represented the peak level since May 2021. The number of unemployed individuals declined by 33,000 from the previous month, totaling 136,000. Concurrently, the employment rate slightly decreased to 69.5%, down from June's eight-month peak of 70.0%, as the number of employed persons decreased by 19,000, reaching 2.898 million. The labor force participation rate fell to 72.7% in July, a slight drop from the over sixteen-year high of 74.0% reported in June. Additionally, the youth unemployment rate, indicating job-seekers aged 15 to 24, dropped to 13.7%, down from a historic high of 15.9% in the previous month.

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