Kjetil Olsen, Research Analyst at Nordea Markets, notes that Norway’s registered unemployment including those on labor market measures fell by 1300 persons in October after close to unchanged unemployment the last couple of months. Key Quotes “We had expected a drop by 500-1000 persons. The unadjusted rate was 2.2%. Consensus and Nordea was 2.2%.” “Today’s figure strengthens our view that the trend in unemployment is still down. Pressure in the labour market is clearly building, also witnessed by a continued downtrend in the number of new people applying for a job via the NAV-system. In October, an average of 740 persons registered as job-seekers each working day, the lowest number since 2008.” “The seasonal adjusted unemployment rate is now back on Norges Bank’s forecast. This should support the rate path of Norges Bank, indicating a new hike in March.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next When is the US monthly jobs report (NFP) and how could it affect EUR/USD? FX Street 4 years Kjetil Olsen, Research Analyst at Nordea Markets, notes that Norway's registered unemployment including those on labor market measures fell by 1300 persons in October after close to unchanged unemployment the last couple of months. Key Quotes "We had expected a drop by 500-1000 persons. The unadjusted rate was 2.2%. Consensus and Nordea was 2.2%." "Today's figure strengthens our view that the trend in unemployment is still down. Pressure in the labour market is clearly building, also witnessed by a continued downtrend in the number of new people applying for a job via the NAV-system. In October, an average of 740… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
