Labour market

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The Nordic labour markets share many common characteristics. Nordic salaries and working conditions are quite considerably regulated by collective bargaining agreements. Unions and employers are involved in drafting legislation, in particular legislation governing the labour market. Therefore, the Nordic labour market is characterized by a high degree of equality, security and consensus. The model has also played a crucial role in the evolution of the Nordic welfare society as we know it today. The Nordic countries are characterized by high employment and low unemployment. All countries have a well-working labour market. By international standards, a very high proportion of the adult population in the Nordic countries is economically active – both men and women. For more information:

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Keywords:  employment, unemployment, youth employment, labour market, youth unemployment, work

Unemployment rate You or your institution have access to this content

Nordic Council of Ministers

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This indicator shows the unemployment rate in the Nordic region. The unemployment rate is defined as the number of unemployed persons between the age of 15-64 in per cent of the total labour force aged 15-64. Unemployed persons are persons out of work who are available to start working within two weeks and are actively seeking a job. The labour force is the sum of employed and unemployed persons. Figures may not add up because of rounding. For more information:

Keywords:  labour market, unemployment, unemployment rate, unemployed, labour force
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