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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
NorwayNorway Employment Change climbed to 64.4K in September 2025
FMPMonthlyReleased October 2025
Norway Employment Change climbed to 64.4K in September 2025, released October 2025, up 0.2K from August's 64.2K reading.
Latest Release
64.400000
Actual
—
Consensus
64.200000
Previous
Sigmacast Track Record
Sigmacast track record will appear here once this indicator has been released 3+ times since Sigmanomics began tracking.
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Co-movement | Action |
|---|---|---|---|---|---|
| USD/NOK | ▼ Inverse | −0.50 | FOREX | Moves against | → View |
| EUR/NOK | ▼ Inverse | −0.45 | FOREX | Moves against | → View |
| WTI Crude | ▲ Direct | +0.40 | COMMODITIES | Moves with | → View |
| EUR/USD | ▲ Direct | +0.30 | FOREX | Moves with | → View |
| XAU/USD | ▲ Direct | +0.30 | COMMODITIES | Moves with | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Employment Change (Norway) was reported at 64 thousand in October 2025. The reading rose from the previous value of 64 thousand. Trailing 12-month context per ETL data through October 2025.
THE MODEL'S TAKE
Historically, this indicator is negatively correlated with USD/NOK (Bullish NOK). A secondary relationship exists with EUR/NOK, negatively correlated (Bullish NOK).
WHAT TO WATCH NEXT
Same-country events in the next 14 days include Interest Rate Decision (Aug 13).
Auto-generated from current model state · Refreshes on each release · Last update October 2025.
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Employment Change - NO
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About Employment Change — Norway
DEFINITION
Employment Change is a key economic indicator that measures the net change in the number of people employed in a given period of time. It provides valuable insights into the health of the job market and overall economic growth. A positive employment change indicates an increase in job opportunities, while a negative change suggests a decline in employment. This indicator is closely monitored by policymakers, investors, and businesses to make informed decisions and assess the current state of the economy.
WHY THIS INDICATOR MATTERS
This release contributes to the broader macro picture used by cross-asset investors for positioning and risk management. The release is more useful as part of a longer-run signal than as a single-print catalyst. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Sep 2025): actual 64.4 K. Prior reading (Mar 2025): 78.06 K. Before that (Feb 2025): 77.45 K.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a higher reading versus the latest print. Current dynamics are the primary tailwind in the projection. This indicator correlates most strongly with USD/NOK (Bullish NOK, r=-0.50) — a useful reference for forex-focused traders.
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EXPECTED ZONE
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Economic Calendar - NO Events
| Friday, July 31, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 06:00 | NO | Unemployed Persons | 62.1 | 61.7 | 61.6 | 61.85 | Low |
| 06:00 | NO | Loan Growth YoY | 4.4 | 4.5 | 4.5 | 4.45 | Low |
| 06:00 | NO | Registered Jobless Rate | 2.1 | 1.9 | 2.1 | 2.10 | Low |
| 06:00 | NO | Unemployment Rate n.s.a | 2.1 | 1.9 | 2.1 | 2.10 | Low |