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Norway Q4 Jobless Rate Rises

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Wednesday, the Statistics Norway announced that the jobless rate stood at 2.9% in the fourth quarter, up from 2.6% recorded in the same period of the previous year.

The unemployment rate for men was 3.4% in the fourth quarter, while the jobless rate for women was 2.4%.

The number of underemployed totaled 54,000 persons in the fourth quarter, which was the same level as the preceding year. Employment dropped by 28 000 persons from the previous year.

For the year of 2009, the average unemployment rate was 3.2%.

Separately, the statistical office said the jobless rate was 3.2% in the August to November period.

Wednesday, the Statistics Norway announced that the jobless rate stood at 2.9% in the fourth quarter, up from 2.6% recorded in the same period of the previous year. (Market News Provided by RTTNews)

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