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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
NorwayNorway Registered Jobless Rate fell to 1.9% in May 2026
FMPMonthlyReleased May 2026
Norway Registered Jobless Rate fell to 1.9% in May 2026, down 0.2% from April's 2.1% reading. The reading missed the 2.1% consensus by 0.2%. Registered Jobless Rate has now declined for 3 consecutive months. Over the past 3 months, Registered Jobless Rate averaged 2.15%, vs 2.2% in the prior 3-month window. Registered Jobless Rate is now the lowest in 29 months.
Latest Release
1.9
Actual
2.1
Consensus
2.1
Previous
Median Absolute Error
±0.1 percentage points
across last 12 releases
Last Call
May 2026
Predicted: 2.15
Actual: 1.9
Error: +0.25
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Signal Bias | Action |
|---|---|---|---|---|---|
| FTSE 100 | ▲ Direct | +0.78 | INDEX | Bullish FTSE 100 | → View |
| XAU/USD | ▼ Inverse | −0.55 | COMMODITIES | Bearish XAU | → View |
| EUR/NOK | ▲ Direct | +0.40 | FOREX | Bullish EUR | → View |
| DAX | ▼ Inverse | −0.27 | INDEX | Bearish DAX | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Registered Jobless Rate (Norway) was reported at 1.9% in May 2026. This missed the market consensus of 2.1% by 0.2%. The reading fell from the previous value of 2.1%. Trailing 12-month context per ETL data through May 2026. Over the past 12 months, the indicator has averaged 2.12%, ranging from 1.9% to 2.3% across 11 releases.
WHY IT MATTERS
The trailing three releases averaged 2.1%, down from the prior three at 2.17%. Volatility over the past year (σ 0.11%) is comparable than the prior year (σ 0.11%). In May readings over the past 3 years, Registered Jobless Rate has averaged 1.96%.
THE MODEL'S TAKE
Historically, this indicator is positively correlated with FTSE 100 (Bullish FTSE 100). A secondary relationship exists with XAU/USD, negatively correlated (Bearish XAU). Over the last 12 releases, the Sigmacast model's median absolute error is 0.1%.
WHAT TO WATCH NEXT
The next release is scheduled for July 3, 2026. Same-country events in the next 14 days include Norges Bank Interest Rate Decision (Jun 18) and Interest Rate Decision (Jun 18).
Auto-generated from current model state · Refreshes on each release · Last update May 2026.
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Registered Jobless Rate - NO
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About Registered Jobless Rate — Norway
DEFINITION
The Registered Jobless Rate is a key economic indicator that measures the percentage of individuals who are actively seeking employment but are unable to find a job. This rate is based on data collected from government agencies and provides insight into the overall health of the labor market. A higher registered jobless rate may indicate a weaker economy, while a lower rate may suggest a stronger job market. This indicator is closely monitored by policymakers, businesses, and investors as it can impact consumer spending, business growth, and financial markets.
WHY THIS INDICATOR MATTERS
Labor-market data shapes consumer-spending forecasts and is closely tracked by central banks assessing the output gap and wage-inflation pass-through. 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 (May 2026): actual 1.9 %, consensus 2.1 %. Prior reading (Apr 2026): 2.1 %. Before that (Mar 2026): 2.2 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a lower reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bearish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary headwind in the current projection. This indicator correlates most strongly with FTSE 100 (Bullish FTSE 100, r=0.78) — a useful reference for index-focused traders.