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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
NorwayNorway Unemployment Rate NSA held to 2.7% in February 2013
FMPMonthlyReleased March 2013
Norway Unemployment Rate NSA held to 2.7% in February 2013, released March 2013.
Latest Release
2.700000
Actual
—
Consensus
2.700000
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 Rate NSA (Norway) was reported at 2.7% in March 2013. The reading was unchanged from the previous release. This is classified as a medium-impact indicator released on a monthly basis.
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 March 2013.
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Unemployment Rate NSA - NO
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About Unemployment Rate NSA — Norway
DEFINITION
The Unemployment Rate NSA (Non-Seasonally Adjusted) is a key economic indicator that measures the percentage of the total labor force that is currently unemployed and actively seeking employment. It provides valuable insights into the health of the job market and the overall state of the economy. A lower unemployment rate is generally seen as a positive sign of economic growth, while a higher rate can indicate potential challenges in the job market. This indicator is closely monitored by policymakers, businesses, and investors to make informed decisions and projections.
WHY THIS INDICATOR MATTERS
This release contributes to the broader macro picture used by cross-asset investors for positioning and risk management. Surprises against consensus can drive short-term moves, particularly when the print breaks an established trend. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Mar 2013): actual 2.7 %.
WHAT'S NEXT
This indicator correlates most strongly with USD/NOK (Bullish NOK, r=-0.50) — a useful reference for forex-focused traders.