Norway Report Shows Net Jobs Creating Since 2013

Reuters

OSLO, Jan 18 (Reuters) - Around 50,000 jobs have been lost in Norway's oil industry since 2013 as investments dry up amid a fall in crude prices, while some 80,000 new jobs have been created elsewhere, Norwegian Finance Minister Siv Jensen told parliament on Wednesday.

The data will be presented by Statistics Norway (SSB) later on Wednesday, she added.

Around 20,000 of the new jobs came from growth in public employment while 60,000 jobs were in the private sector, Jensen added.

Norwegian unemployment hit a 20-year high in 2016 as the labour force expanded more rapidly than employment.

The right-wing minority government, which faces a general election in September, has been criticised by the centre-left opposition for its track record on job creation.

Jensen said the new SSB data gave cause for renewed economic optimism.

(Reporting by Terje Solsvik, editing by Gwladys Fouche)

Copyright 2017 Thomson Reuters. Click for Restrictions.

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