The Swedish unemployment rate fell to 5.5 percent in November 2018 from 5.8 percent in the same month a year earlier. The number of unemployed persons declined by 9 thousand from the previous year to 299 and employment went up by 119 thousand to 5.154 million. The jobless rate was at 5.5 percent among both women and men. Among young people aged 15-24 there were 82 thousand unemployed persons and the unemployment rate was 14.0 percent. In October the unemployment rate was at 5.5 percent. Unemployment Rate in Sweden averaged 5.95 percent from 1980 until 2018, reaching an all time high of 10.50 percent in June of 1997 and a record low of 1.30 percent in July of 1989.
Unemployment Rate in Sweden is expected to be 6.20 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Unemployment Rate in Sweden to stand at 5.50 in 12 months time. In the long-term, the Sweden Unemployment Rate is projected to trend around 6.50 percent in 2020, according to our econometric models.