Norway’s seasonally adjusted unemployment rate rose to 4.6% in May 2025 from a revised 4.4% in the previous month. This marked the highest reading since July 2021, as the number of unemployed persons increased by 7 thousand to 141 thousand. Meanwhile, the employment rate went up to 69.8% from 69.3%, with the number of employed individuals rising by 18 thousand to 2.906 million. The labor force participation rate climbed to 73.1% from 72.6%. In the meantime, the youth unemployment rate, which measures the number of job-seekers between 15 to 24 years old, increased to 14.1% from 13.5% in April.
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