OSLO, Aug. 25 (Xinhua) -- Despite the fact that one in 12 jobs have disappeared in Norway during the last 12 months, more newly created job positions led to biggest growth of the labor market in the Nordic country since the oil crisis in 2014, newspaper Aftenposten reported Sunday.
According to fresh report from Statistics Norway (SSB), the unemployment rate was 3.6 percent in June, when 102,000 people looked for a job.
However, even though 251,000 jobs were lost during the last 12 months until July 1, in the same period 309,000 new jobs were created, the report said.
With the net increased 58,000 jobs, Norway saw highest annual employment growth of 2 percent since 2016, the newspaper reported.
"Such gross figures tell more about the changes in the labor market than small changes in the unemployment rate. The high figures for removed and new jobs indicate a large flow and show that Norway has a flexible labor market," Kjell G. Salvanes, professor at the Norwegian School of Economics and Business Administration (NHH), told Aftenposten.
Over 27 percent of the newly-created jobs were created by businesses that started last year, which is almost 85,000 of 309,000 new jobs. The rest of the new jobs came from established companies.
"It is naive to believe that we only live by the new companies. Big companies are big innovators. They have access to the technology that creates restructuring and growth," Salvanes said.
At the end of the first half of this year, the number of jobs in the private sector was twice as high as the one in the public sector, the report said. Enditem
OSLO, Aug. 25 (Xinhua) -- Despite the fact that one in 12 jobs have disappeared in Norway during the last 12 months, more newly created job positions led to biggest growth of the labor market in the Nordic country since the oil crisis in 2014, newspaper Aftenposten reported Sunday.
According to fresh report from Statistics Norway (SSB), the unemployment rate was 3.6 percent in June, when 102,000 people looked for a job.
However, even though 251,000 jobs were lost during the last 12 months until July 1, in the same period 309,000 new jobs were created, the report said.
With the net increased 58,000 jobs, Norway saw highest annual employment growth of 2 percent since 2016, the newspaper reported.
"Such gross figures tell more about the changes in the labor market than small changes in the unemployment rate. The high figures for removed and new jobs indicate a large flow and show that Norway has a flexible labor market," Kjell G. Salvanes, professor at the Norwegian School of Economics and Business Administration (NHH), told Aftenposten.
Over 27 percent of the newly-created jobs were created by businesses that started last year, which is almost 85,000 of 309,000 new jobs. The rest of the new jobs came from established companies.
"It is naive to believe that we only live by the new companies. Big companies are big innovators. They have access to the technology that creates restructuring and growth," Salvanes said.
At the end of the first half of this year, the number of jobs in the private sector was twice as high as the one in the public sector, the report said.
