Think measures against unemployment seems – Aftenposten

Finance Siv Jensen strangled Tuesday it had to be of crisis stories about the Norwegian economy. In any case, if a possible crisis is measured by unemployment.

She predicts that unemployment will be 4.0 per cent this year and 4.1 percent next year, as measured by Statistics Norway (SSB).

In the first quarter of this year measured SSB unemployment to 4.1 percent. In other words, Jensen predicts that unemployment measured as an annual average will remain at the current level.

– Which factors and driving forces in the economy means that unemployment peak has already been reached?

– There is great uncertainty because the distance between SSB and Navs measurements of unemployment is greater than usual. That is why you will follow this very closely. In some counties, unemployment has decreased, while the Southern and Western Norway had an increase. It is very difficult to give exact estimates on how this will evolve, beyond that we follow very closely, responding Jensen Aftenposten questions.

– You do not fear that you give an optimistic picture of unemployment after the steep fall in oil prices and in oil investment?

– I’ll repeat what I have said several times: There is great uncertainty about this. There are discrepancies between the numbers. It is difficult to estimate how this is going to go. But the aim must be that we will get through this in a good way.

Large grip

Finance Ministry predicts that next year will be better than in 2015.

– We estimate the growth in the economy will come up already next year. But it all depends that the measures now in work, work, says Jensen.

Jensens policy and “measures” against increased unemployment consists of both large and small grip. She points to three major grip acting in the long term:

• reduced taxes
• increased investment in roads and other infrastructure
• focus on research and development

Business Editor Ola Storeng on unemployment figures: – It may seem like Siv Jensen is too optimistic (see video)

– It may seem like Siv Jensen is too optimistic

These are the three main issues after publication of the revised national budget.

Measures of Government

Then there are also some that are made with effect here and now. Jensen has during the winter talked with the social partners, business organizations and individual companies.

– There are two things the parties have requested. One is that we reverse the tightening of rules on leave. The Government has delivered on. The second is that we increase the number of placements in the labor market. There we also deliver on, she says.

The deliveries consist firms pay wages by layoffs will be reduced from 20 to 10 days. In the revised budget proposes the Government 1,000 new placements in the labor market.

Jensens shocks

Finance Siv Jensen started yesterday’s press conference by looking down a slippery slope for oil industries.

– Now we are probably at the top. If we look forward, so will demand from the petroleum sector will eventually subside, she says.

So she turned her eyes toward all the good aspects of the Norwegian economy:

– shock absorbers in the economic policy.

– In the short term monitors Oil Fund budget from fluctuations in oil prices.

– We do not tighten up on spending when the economy transient translates into lower taxes

– Interest rates are low. The crown is significantly weaker than it was a year ago.

– It is very important that we have a flexible labor market and wage growth has slowed.

– We see some signs of it brightens for export companies. Meanwhile, there is something better out there.

She summarizes:

– There is also no crisis in the Norwegian economy.

Read about revised National on Finansdepartementetes website.

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Published: May 12. 2015 9:55 p.m.