Norway's Jobless Rate Climbs to 5% in September, Reaching 15-Month High

Key Facts

1Norway's seasonally adjusted jobless rate rose to 5% in September from 4.6% in August.

Norway's seasonally adjusted unemployment rate rose to 5% in September 2026 from 4.6% in August. Reuters reported, citing Statistics Norway, that this figure represents the highest level since June 2024, as the total number of unemployed individuals reached 156,000.

The 0.4 percentage point increase indicates a softening in the Norwegian labor market, even as the employment rate remained steady at 69.8%. This cooling of economic activity may impact the Norwegian Krone and future policy decisions by Norges Bank.