Category: Business News
Norway’s unemployment rate shot up to the highest level since World War II, as the economic shutdown brought on by the coronavirus sends the richest Nordic economy into shock.
The number of Norwegians seeking unemployment benefits rose almost 350% in the past two weeks, after companies temporarily laid off tens of thousands of workers to cope with the loss of demand triggered by the spread of the virus. Registered unemployment is now 10.4%, which is the highest on record for the measure.
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