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A comment on All Norwegians become crown millionaires, in oil saving landmark. Parent comment

Re:All Norwegians become crown millionaires, in oil saving l... by freehunter on Thursday January 09, 2014 @03:32PM (#7032995)
Unemployment, at least in the US, refers to people who are able to work and who are also actively looking for employment. Unemployment rates don't factor in people who have completely given up on finding a job.

I don't know if this is the same in Norway, but if it is, it might help explain the discrepancy.

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Re:All Norwegians become crown millionaires, in oil saving l... by chii on Friday January 10, 2014 @12:19AM (#7035239)
that's a strange way to classify unemployment. I wonder why that is used?
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Re:All Norwegians become crown millionaires, in oil saving l... by Geee on Friday January 10, 2014 @12:39AM (#7035288)
It's accurate measure for the supply side of the markets. If that number reaches 0% then there isn't any available workforce and wages rise sky high.
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