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Biggest increase in Norwegian unemployment in six years

Although most economists and industry players agree that the worst is yet to come for Norway, many people were still surprised by the most recent increase in unemployment, which is especially attributable to the low oil price. The largest increase in unemployment since 2009.

Photo: Øyvind Hagen/Statoil

Budget cut after budget cut in the otherwise almost unstoppable Norwegian oil sector just one year ago. This is now leaving its mark on the country's unemployment statistics.

This development includes engineers, who not that long ago were pretty much guaranteed employment in Norway. The number of engineers is beginning to grow in the statistics of newly unemployed, which the Norwegian Labour and Welfare Administration (NAV) have just released.

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