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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
NorwayNorway Unemployment Change fell to 101.01K in February 2016
FMPMonthlyReleased February 2016
Norway Unemployment Change fell to 101.01K in February 2016, down 0.25K from January's 101.26K reading. The reading matched expectations.
Latest Release
101.01
Actual
102.2
Consensus
101.26
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 | Signal Bias | Action |
|---|---|---|---|---|---|
| USD/NOK | ▼ Inverse | −0.50 | FOREX | Bullish NOK | → View |
| EUR/NOK | ▼ Inverse | −0.45 | FOREX | Bullish NOK | → View |
| WTI Crude | ▲ Direct | +0.40 | COMMODITIES | Watch | → View |
| EUR/USD | ▲ Direct | +0.30 | FOREX | Watch | → View |
| XAU/USD | ▲ Direct | +0.30 | COMMODITIES | Watch | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Unemployment Change (Norway) was reported at 101 thousand in February 2016. This missed the market consensus of 102 thousand by 1 thousand. The reading fell from the previous value of 101 thousand.
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 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 February 2016.
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Unemployment Change - NO
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About Unemployment Change — Norway
DEFINITION
Unemployment Change is a key economic indicator that measures the percentage change in the number of unemployed individuals within a specific time period. It provides valuable insights into the health of the job market and the overall state of the economy. A decrease in unemployment change indicates a growing economy, while an increase may suggest a slowing or struggling economy. This indicator is closely monitored by policymakers, businesses, and investors to make informed decisions and predictions about future economic trends.
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 (Feb 2016): actual 101 K, consensus 102.2 K.
WHAT'S NEXT
This indicator correlates most strongly with USD/NOK (Bullish NOK, r=-0.50) — a useful reference for forex-focused traders.