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.
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