ANO recognized Norway as the best country in the world to live in.
In the 20th century Norway developed as a country with really strong economy. Since 1970 a crucial role in the Norwegian economy has been offshore oil industry. Only 21% of Norway’s land is used economically.
In recent years, the total amount of the workforce has stabilized. The country has 2,0-2,1 million employed people. Since 1980th women employment rates were increasing until now has remained high. Norway’s job market is a substantial number of underemployed people. Nearly half of the number of women and about 10% of all men work fewer than 36 hours per week.
Norway has recently won first place in the U.S. business magazine Forbes „European labor markets in rating” as a country where is the best chance of working. For Europe’s best job markets, Forbes recognized the non-EU countries (Norway is not a European Union (EU) member, but participates in the EU single market in the European Economic Area (EEA) Agreement State – a contract between the EU Member States and the European Free Trade Association (EFTA) countries) Norway and Switzerland, where, for Economic Cooperation and Development Organization, is currently without a job is only of 3.2% and 4.2% of working-age population.
Due to the high income taxes and the VAT amount Norway is one of Europe’s more generous unemployment benefit systems, and the average unemployed person receives 33.6% of their past salary as opposed to, for example, the U.S. and Britain, where the rate is 13.6% and 12.1 %. However, it seems that the most important thing is how Norway uses state funds to help the unemployed return to the labor market. The Nordic countries this is an expensive but effective active labor market program, which helps the unemployed labor market to recover by passing the training, assisted job search and obtaining the opportunity to work in subsidized jobs.