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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
NorwayNorway Registered Jobless Rate climbed to 2.1% in July 2026
FMPMonthlyReleased July 2026
Norway Registered Jobless Rate climbed to 2.1% in July 2026, up 0.2% from June's 1.9% reading. The reading matched the 2.1% consensus. Year-over-year, the indicator is down 0.1%. The reading is in the 54th percentile of the trailing 24-month range.
Latest Release
2.1
Actual
2.1
Consensus
1.9
Previous
Median Absolute Error
±0.1 percentage points
across last 12 releases
Last Call
Jul 2026
Predicted: 2
Actual: 2.1
Error: -0.1
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 |
|---|---|---|---|---|---|
| FTSE 100 | ▲ Direct | +0.78 | INDEX | Moves with | → View |
| XAU/USD | ▼ Inverse | −0.56 | COMMODITIES | Moves against | → View |
| EUR/NOK | ▲ Direct | +0.42 | FOREX | Moves with | → View |
| DAX | ▼ Inverse | −0.27 | INDEX | Moves against | → 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 2.1% in July 2026. This matched the market consensus of 2.1% exactly. The reading rose from the previous value of 1.9%. Trailing 12-month context per ETL data through July 2026. Over the past 12 months, the indicator has averaged 2.13%, ranging from 1.9% to 2.3% across 11 releases.
WHY IT MATTERS
The trailing three releases averaged 2.07%, down from the prior three at 2.2%. Volatility over the past year (σ 0.11%) is comparable than the prior year (σ 0.1%).
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 August 28, 2026. 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 July 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 (Jul 2026): actual 2.1 %, consensus 2.1 %. Prior reading (May 2026): 1.9 %. Before that (Apr 2026): 2.1 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a similar 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.
Σ
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 |