Friday, May 29, 2015

Oil drop bits increasingly, but here falls unemployment – HegnarOnline

Unemployment rose by 200 people during May, according to seasonally adjusted figures from NAV.

– The reduced activity in the oil industry provides a significant increase in unemployment in counties where the oil industry employs many, and for professions such as engineers and industrial workers.

– This is nevertheless offset by unemployment falls in other parts of the country so that the unemployment rate for the country overall has only risen slightly in recent months, said Acting Labor and Welfare Director Kjersti Monland comments.

Measured in the number of people the unemployment rate in May for most people with a background in construction work and engineering and ICT subjects, while the largest decline in retail and sales and for people with no or unknown occupational background.

Finnmark Hordaland greatest percentage increase in unemployment in May, while Oppland and Sogn og Fjordane counties was the biggest fall.

75,000 unemployed
At the end of May, the unemployment rate of 2.7 percent of the workforce, unchanged from the same time last year.

DNB Markets had expected an unemployment rate of 2.8 percent, while the consensus was at 3.0 percent .

At the end of May, 75,000 persons were registered as unemployed with NAV. There are 2,500 more than the same time last year.

The total of unemployed and job seekers on measures was at 88,600, 1,000 more than the same time last year. Gross unemployment is thus of 3.2 percent, the same level as last year.

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Engineers increases most
Compared with May last year, unemployment has risen most for the engineering and ICT (61 percent). 5,400 people are now unemployed, 2,100 more than the same time last year.

Most of the increase has come among engineers and civil engineers, where unemployment has risen by 143 per cent last year. Especially engineers and civil engineers in petroleum experiencing higher unemployment.

Although the increase in the number of unemployed among people with a background in engineering and ICT has been high, emphasizing the NAV that the unemployment rate up 2.0 percentage remains well below the average level of unemployment.

After the engineering and ICT had brokers and consultants the biggest rise in unemployment (18 percent), ahead of industrial workers (15 percent). Also this is occupational groups affected by developments in the oil industry.

Unemployment is highest in construction by 5.0 percent, and among industrial workers by 4.3 percent.

The lowest unemployment level is found in education by 0.7 percent and academic careers by 0.9 percent.

Oil Heavy counties
Not surprisingly, unemployment has risen most in oil heavy Rogaland, Hordaland and West Agder compared with May last year.

In these three counties have unemployment increased respectively. 49, 19 and 16 percent. Altogether there are 4 100 people.

Unemployment has fallen most in Hedmark, Oppland and Østfold, with declines respectively. 12, 11 and 9 percent. Unemployment is now lower than a year ago in most counties in eastern Norway and Nord-Trøndelag and Northern Norway.

Unemployment is highest in Oslo, with 3.4 percent of the workforce, followed by Oslo, Telemark and Aust-Agder – all with 3.3 percent.

Unemployment is lowest in Sogn og Fjordane and Oppland, respectively. 1.9 and 2.0 percent.

Error in April unemployment
Meanwhile reports NAV that unemployment figure that was announced in April was more than high.

– After Easter this year, some job seekers mistakenly not resigned from the job seeker register and stood as registered unemployed up to three weeks long, according to today’s press release.

This meant that the number of unemployed in April 2015 was 1,900 too high, so that the correct number of unemployed in April was 79,600.

Unemployment as a percentage of the labor force was 3.0 percent, even after the problem is corrected.

The error does not affect other months than in April 2015. NAV has corrected this error and produced and published all tables again.

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