– After several months of decline, there was a small increase in the unemployment rate in October. The main picture is that the labor market has stabilized in 2016, among other things, because the increased unemployment in the oil industry have been offset by lower unemployment in the construction industry. We expect that we will go into a moderate oppgangskonjunktur next year, and that unemployment will fall in the next two years, says the ministry of labour and velferdsdirektør Sigrun Vågeng in a press release.
during the month of October there were 300 more all available, according to seasonally adjusted figures from the Nav. The sum of all the available and job seekers who participate on the action also increased with 300 people.
the Previous measurement from the Nav showed that there were 400 fewer available in september, and the unemployment rate fell for the fourth month in a row. The proportion of completely available accounted for when 2.8 per cent of the workforce, while bruttoledigheten corresponded to 3.5 per cent of the labour force.
In its latest forecast for the development of the labour market nedjusterte Nav estimate for the number available in the next two years, and said that they now believe ledighetstoppen is reached.
Still the highest in Rogaland
By the end of October were registered 77.800 unemployed with Nav. This is a decrease of 2.200 compared with October of last year. The unemployment rate is at 2.8 per cent, down from 2.9 per cent in October last year.
there are 97.100 people who are either completely unemployed or job-seekers who participate in the action. It is 2.700 more than one year ago, and bruttoledigheten hence the equivalent of 3.5 percent of the workforce, unchanged from October of last year.
By the end of October, there were five counties that have higher unemployment rates than they had a year ago. The increase is largest in Møre and Romsdal and Hordaland, followed by Rogaland, Vestfold and Finnmark. Telemark and Nord-Trøndelag had the largest decline in the unemployment rate last year.
the Unemployment rate is also highest in Rogaland, with 4.4 per cent and in Aust-Agder with a 3.4 per cent. Sogn and Fjordane and Oppland have the lowest unemployment rate by 1.5 per cent and 1.8 per cent respectively.
the Unemployment rate increased the most in Finnmark and Sogn and Fjordane in October, adjusted for normal seasonal variations.
– Stable
– We see a slight increase, but it is not disturbing. We still have a clear impression that the unemployment rate has stabilized, and our evaluation is that this is going to move quite sideways going forward, ” says chief economist Kjetil Olsen in Nordea Markets to E24
– at the same time have a part put themselves on hold, for example, to extend the studies. These will come back into the labour market when employment growth picks up, and therefore we believe it will take a while before we’ll see a further decline in the unemployment rate, ” says Olsen.
senior economist Marius Gonsholt Hov, Handelsbanken Capital Markets points out that the last month’s downward trend has been driven by a fall in the number of registered available. Several job-seekers on the measures have made that the decline in the number of completely available has been greater than in the bruttoledigheten.
This is not major changes. We see that there is a little bit up on the bruttoledigheten, but we look at the details, we see that it is driven by an increase in the number of registered available. The trend has been that the number of registered available has gone down, while the number of tiltaksplasser have gone up. What we see now corresponds to a stable development in the bruttoledigheten, says Gonsholt Hov to E24.
He adds that the Nav figures are completely in line with Norges Bank’s estimates.
the Nav and LFS of his poem
Both the NAV and STATISTICS norway measures the rate of unemployment among norwegians (see information below).
the Unemployment rate is measured in two ways.
Labour and welfare administration (Nav) count up the number of available that are registered with them.
according to statistics norway’s labour force survey (LFS) are defined as unemployed if one replies that one is without paid work, that one tried to obtain such work in the course of the last four weeks, and be able to undertaken the work in the course of the next two weeks. SSB takes thus also with job seekers who have not registered with Nav.
all in All, the number of unemployed in the LFS consistently slightly higher than the number of registered available from Nav.
the Gap between the two measurements is the record.
while the Nav figures show a more modest increase in the unemployment rate since the oil price began to fall for just over two years ago, and now a utflatende, shows the LFS the highest unemployment rate measured since 1996.
Thursday came the LFS figures for august. According to them, it was 137.000 unemployed the month, which implies an unemployment rate of 4.9 per cent. The LFS measurement before it showed an unexpected increase from 4.8 to 5 percent, against the anticipated 4.8 per cent.
in Order to reduce the statistical uncertainty is the LFS figures based on a three-month moving averages.
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