Norway wages growth seen moderating in 2009
OSLO, Feb 16 (Reuters) – Norwegian wage growth is seen moderating in 2009 after years of brisk increases as the labour market weakens, economists said on Monday following a state commission’s estimate of the impact on 2009 wages from pay hikes last year.
Unemployment is rising in Norway because of the global economic downturn, but remains low by international standards. Registered joblessness rose to 2.6 percent of the workforce in January from 2.0 percent in December.
The commission estimated that average 2009 wages would rise by 2.55 percent purely from the effect of 2008 increases, before any new pay settlements this year.