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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
NorwayNorway Unemployed Persons climbed to 62.1K in May 2026
FMPMonthlyReleased May 2026
Norway Unemployed Persons climbed to 62.1K in May 2026, up 0.2K from April's 61.9K reading. The reading matched the 62.3K consensus. Year-over-year, the indicator is up 1.06K. Over the past 3 months, Unemployed Persons averaged 62.15K, vs 62.83K in the prior 3-month window. The reading is in the 17th percentile of the trailing 24-month range.
Latest Release
62.1
Actual
62.3
Consensus
61.9
Previous
Median Absolute Error
±1.2 thousand
across last 12 releases
Last Call
May 2026
Predicted: 62.25
Actual: 62.1
Error: +0.15
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 |
|---|---|---|---|---|---|
| XAU/USD | ▲ Direct | +0.64 | COMMODITIES | Bullish XAU | → View |
| USD/NOK | ▼ Inverse | −0.45 | FOREX | Bearish USD | → View |
| BTC/USD | ▼ Inverse | −0.39 | CRYPTO | Bearish BTC | → View |
| EUR/NOK | ▲ Direct | +0.34 | FOREX | Bullish EUR | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Unemployed Persons (Norway) was reported at 62 thousand in May 2026. This missed the market consensus of 62 thousand by 0 thousand. The reading rose from the previous value of 62 thousand. Trailing 12-month context per ETL data through May 2026. Over the past 12 months, the indicator has averaged 63 thousand, ranging from 61 thousand to 65 thousand across 11 releases.
WHY IT MATTERS
The trailing three releases averaged 62 thousand, down from the prior three at 64 thousand. Volatility over the past year (σ 1 thousand) is lower than the prior year (σ 5 thousand). In May readings over the past 3 years, Unemployed Persons has averaged 67 thousand.
THE MODEL'S TAKE
Historically, this indicator is positively correlated with XAU/USD (Bullish XAU). A secondary relationship exists with USD/NOK, negatively correlated (Bearish USD). Over the last 12 releases, the Sigmacast model's median absolute error is 1 thousand.
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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Unemployed Persons - NO
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About Unemployed Persons — Norway
DEFINITION
Unemployed Persons is a financial indicator that measures the number of individuals who are currently without a job but are actively seeking employment. This data is used to assess the overall health of the labor market and can provide insights into the state of the economy. A high number of unemployed persons may indicate a weak job market, while a low number may suggest a strong economy with ample job opportunities. This indicator is closely monitored by policymakers, businesses, and investors to make informed decisions about economic policies, hiring practices, and investment strategies.
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 (May 2026): actual 62.1 K, consensus 62.3 K. Prior reading (Apr 2026): 61.9 K. Before that (Mar 2026): 62.4 K.
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 neutral force in the current projection. This indicator correlates most strongly with XAU/USD (Bullish XAU, r=0.64) — a useful reference for commodities-focused traders.