Norwegian unemployment hits more than 80-year high 10.9% due coronavirus
Share:
OSLO (Reuters) - Norwegian unemployment has risen five-fold this month as companies announced mass layoffs and shutdowns amid efforts to combat the coronavirus outbreak, the country's labour agency said on Tuesday.Registered unemployment rose to 10.9%, the highest since the 1930s Great Depression, up from 5.3% a week ago and just 2.3% at the end of February, data from Norway's Labour and Welfare Agency (NAV) showed.Private-sector activity is expected to contract by between 15% and 20% in the..