Norway / Becoming a winner in the race for skilled workers

With an economy stoked by oil riches, Norway is becoming a winner in the race for skilled workers as Europe suffers record unemployment. Euro-area joblessness was 12.1 percent in July and 16.4 percent are out of work in Portugal, which was forced to seek a bailout in 2011. Unemployment in Norway, western Europe’s biggest oil producer, has hovered at less than 4 percent since 2009, even amid a surge in jobseekers.

Europe’s second-richest nation per capita after Luxembourg has some of the developed world’s highest salaries and shortest work days. People in Norway are paid $80,000 a year on average and work 20 percent fewer hours than the average for the 34-member Organization for Economic Cooperation and Development, according to data from Statistics Norway and the OECD. The country lags behind only the Netherlands and Germany for shortest work days.

Chosen excerpts by Job Market Monitor. Read the whole story at 

via Europe’s Workers Flock to Norway for Better-Paying Jobs – Bloomberg.