FX.co ★ Norway’s Unemployment Edges Up to 4.6% in January 2026

Norway’s unemployment rate rose to 4.6% in January 2026, up from 4.3% recorded in December 2025, according to the latest data updated on 25 February 2026. The increase signals a modest softening in the Norwegian labour market at the start of the year.

The January figure marks a 0.3 percentage point climb from the previous month, suggesting that more jobseekers entered the market or existing positions were shed after the year‑end period. While the move is not dramatic, it will be closely watched by policymakers and investors for signs of whether this is a temporary fluctuation or the beginning of a broader trend.

Analysts and market participants will now look to upcoming labour and activity data to gauge whether January’s rise in unemployment reflects seasonal dynamics or a more persistent cooling in Norway’s employment conditions.