Europe’s workers flock to Norway for better-paying jobs

Source: Bloomberg

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.

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