Labour Costs in Sweden increased to 135.30 points in October from 134.70 points in September of 2019. Labour Costs in Sweden averaged 115.99 points from 2008 until 2019, reaching an all time high of 135.30 points in October of 2019 and a record low of 100 points in January of 2008. source: Statistics Sweden

Labour Costs in Sweden is expected to be 136.19 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Labour Costs in Sweden to stand at 139.09 in 12 months time. In the long-term, the Sweden Labour Costs is projected to trend around 148.42 points in 2020, according to our econometric models.

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Sweden Labour Costs

Actual Previous Highest Lowest Dates Unit Frequency
135.30 134.70 135.30 100.00 2008 - 2019 points Monthly
NSA, 2008M1=100
Sweden Labour Last Previous Highest Lowest Unit
Unemployment Rate 6.80 6.00 10.50 1.30 percent [+]
Employed Persons 5140.00 5138.00 5271.00 4236.00 Thousand [+]
Unemployed Persons 378.00 330.00 503.00 243.00 Thousand [+]
Long Term Unemployment Rate 1.00 1.20 3.50 0.30 percent [+]
Youth Unemployment Rate 20.10 19.60 27.80 2.90 percent [+]
Labour Costs 135.30 134.70 135.30 100.00 points [+]
Job Vacancies 728.00 751.00 1520.00 51.00 Hundred [+]
Wages 176.10 174.70 177.70 133.60 SEK/Hour [+]
Wages in Manufacturing 187.10 185.90 191.10 139.70 SEK/Hour [+]
Population 10.12 10.00 10.12 7.47 Million [+]
Retirement Age Women 61.00 61.00 61.00 61.00 [+]
Retirement Age Men 61.00 61.00 61.00 61.00 [+]
Labor Force Participation Rate 73.30 72.70 75.30 69.20 percent [+]
Wage Growth 2.40 2.50 7.10 1.90 percent [+]
Part Time Employment 1091.90 1117.30 1177.30 824.30 Thousand [+]
Productivity 114.10 105.10 114.50 68.30 points [+]
Employment Change 0.20 0.10 0.90 -1.00 percent [+]
Employment Rate 68.30 68.30 70.80 62.60 percent [+]
Full Time Employment 3869.10 3777.20 3895.20 2896.00 Thousand [+]