Loading page content
Data from FMP. Forecasts by Sigmanomics Forecast Engine.
NorwayNorway Unemployed Persons climbed to 62.1K in July 2026
FMPMonthlyReleased July 2026
Norway Unemployed Persons climbed to 62.1K in July 2026, up 0.4K from June's 61.7K reading. The reading matched the 61.6K consensus. Year-over-year, the indicator is down 2.9K. The reading is in the 20th percentile of the trailing 24-month range.
Latest Release
62.1
Actual
61.6
Consensus
61.7
Previous
Median Absolute Error
±0.9 thousand
across last 12 releases
Last Call
Jul 2026
Predicted: 61.5
Actual: 62.1
Error: -0.6
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 |
|---|---|---|---|---|---|
| EUR/NOK | ▲ Direct | +0.67 | FOREX | Moves with | → View |
| BTC/USD | ▼ Inverse | −0.45 | CRYPTO | Moves against | → View |
| XAU/USD | ▲ Direct | +0.38 | COMMODITIES | Moves with | → View |
| USD/NOK | ▼ Inverse | −0.35 | FOREX | Moves against | → 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 July 2026. This beat the market consensus of 62 thousand by 1 thousand. The reading rose from the previous value of 62 thousand. Trailing 12-month context per ETL data through July 2026. Over the past 12 months, the indicator has averaged 64 thousand, ranging from 62 thousand to 65 thousand across 11 releases.
WHY IT MATTERS
The trailing three releases averaged 62 thousand, down from the prior three at 63 thousand. Volatility over the past year (σ 1 thousand) is lower than the prior year (σ 6 thousand).
THE MODEL'S TAKE
Historically, this indicator is positively correlated with EUR/NOK (Bullish EUR). A secondary relationship exists with BTC/USD, negatively correlated (Bearish BTC). 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 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.
SHARE
Unemployed Persons - NO
Loading chart data...
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 (Jul 2026): actual 62.1 K, consensus 61.6 K. Prior reading (May 2026): 62.1 K. Before that (Apr 2026): 61.9 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 bullish 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 EUR/NOK (Bullish EUR, r=0.67) — a useful reference for forex-focused traders.
Σ
EXPECTED ZONE
SIGMANOMICS MARKET FORECAST ENGINE
Multi-horizon symbol forecasts, Rolling-Surprise economic predictions, and programmatic API access.
Expected Zones · Trade Bias · Confidence Intervals · API Access · 1,456+ instruments
FOREXCRYPTOSTOCKSCOMMODITIESINDICESAPI
BLSBEAFMPWORLD BANKFRED
1,456+ instruments247 indicators530+ correlationsREST + GQL API
4,151 economic indicators127 countries covered6 data sources
FREDBLSEIAECBBOJFMP
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 |