Unemployment at 4.8 per cent
Adjusted for seasonal variations, there were 133 000 unemployed persons in October. This corresponded to 4.8 per cent of the labour force.
|October 2016||Change from the previous non-overlapping three-month period|
|1Three-month average named by the middle month.|
|Unemployed persons||133 000||-6 000|
|In per cent of the labour force||4.8||-0.2|
|Employed persons||2 655 000||6 000|
|In per cent of the population||67.3||0.0|
Unemployment decreased by 0.2 percentage points, or 6 000 persons, from July (average of June–August) to October (average of September–November), according to seasonally-adjusted figures from the Labour Force Survey (LFS). This change is within the LFS margin of error. In comparison, the number of people registered as unemployed or on government initiatives to promote employment with the Labour and Welfare Administration (NAV) remained unchanged in the same period. This figure is also based on seasonally-adjusted figures and three-month averages.
The LFS shows that from the summer of 2014 to the autumn of 2015 there has been a gradual increase in seasonally-adjusted unemployment. Changes in the past year in the number of unemployed persons have mainly been within the LFS error margin, and the level fluctuated between 4.5 and 5.0 per cent of the labour force.
Small changes in employment
From July to October, the seasonally-adjusted number of employed persons increased by 6 000. This change is however within the LFS margin of error. Since the turn of the year 2014/2015, there have only been small changes in the number of employed persons. In the same period, the population aged 15–74 years has increased, and therefore the employment rate has decreased, from 68.5 per cent in January 2015 to 67.3 per cent in October 2016.