March’s unemployment rate in Norway sank to 2.6 per cent, latest data from NAV reveals.
Norwegian Labour and Welfare Administration (NAV) director Joakim Lystad told Aftenposten, ''developments in the labour market in Norway so far this year have been better than expected, despite a weak economic growth in Europe. Fewer people were unemployed in March, and the demand for labour has increased.”
According to NAV, 67,700 people were registered as unemployed at the end last month, a fall of 400 from the February. Moreover, compared with the same time last year, unemployment fell by 9 per cent, roughly 6,500 people.
The largest decline in numbers of jobless people, 24 percent, was in the construction industry. 15 percent more are also working within the engineering and ICT sectors.
Nonetheless, whilst 26,000 vacancies were announced in March 2012, there was little cheer for those working in the retail, sales, and office worker sectors, with seven percent fewer jobs compared with March 2011.
The decline for estate agents, consultants, as well as medical and care personnel was five percent in the same period.