Sweden's jobless rate rose to 8.2 percent in April of 2020 from 6.8 percent in the same month of the previous year, as the effects of the coronavirus crisis began to be felt even as the country did not impose a full lockdown on public life or businesses. The number of unemployed persons went up by 79 thousand to 449 thousand while employment fell by 100 thousand to 5.005 million. The labour force participation rate dropped 0.6 percentage points to 72.4 percent and the average number of hours worked was down 9.1 percent to 143.6 million hours per week. Seasonally adjusted, the unemployment rate was 7.9 percent, up from 6.7 percent in the previous month.

Unemployment Rate in Sweden averaged 5.99 percent from 1980 until 2020, 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. This page provides the latest reported value for - Sweden Unemployment Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Sweden Unemployment Rate - data, historical chart, forecasts and calendar of releases - was last updated on June of 2020. source: Statistics Sweden

Unemployment Rate in Sweden is expected to be 9.50 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 9.90 in 12 months time. In the long-term, the Sweden Unemployment Rate is projected to trend around 8.80 percent in 2021 and 7.50 percent in 2022, according to our econometric models.

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Sweden Unemployment Rate

Actual Previous Highest Lowest Dates Unit Frequency
8.20 7.10 10.50 1.30 1980 - 2020 percent Monthly
NSA


Calendar GMT Actual Previous Consensus TEForecast
2020-02-18 08:30 AM Jan 7.5% 6% 6.6%
2020-03-13 08:30 AM Feb 8.2% 7.5% 7.3% 7.8%
2020-04-21 07:30 AM Mar 7.1% 8.2% 8.9%
2020-05-25 07:30 AM Apr 8.2% 7.1% 7.5%
2020-06-17 07:30 AM May 8.2%
2020-07-23 07:30 AM Jun 9.5%
2020-08-20 07:30 AM Jul
2020-09-15 07:30 AM Aug


News Stream
Sweden Jobless Rate Surges to 8.2% in April
Sweden's jobless rate rose to 8.2 percent in April of 2020 from 6.8 percent in the same month of the previous year, as the effects of the coronavirus crisis began to be felt even as the country did not impose a full lockdown on public life or businesses. The number of unemployed persons went up by 79 thousand to 449 thousand while employment fell by 100 thousand to 5.005 million. The labour force participation rate dropped 0.6 percentage points to 72.4 percent and the average number of hours worked was down 9.1 percent to 143.6 million hours per week. Seasonally adjusted, the unemployment rate was 7.9 percent, up from 6.7 percent in the previous month.
2020-05-25
Swedish Unemployment Rate Falls to 7.1% in March
Sweden's jobless rate fell to 7.1 percent in March 2020 from 7.7 percent in the same month of the previous year, as the number of unemployed declined by 35 thousand to 389 thousand and employment was down 41 thousand to 5.055 million. The labor force participation rate dropped 1.3 percentage points to 72.3 percent and the number of hours worked in March was down 4.9 percent. Seasonally adjusted, the unemployment rate was 6.7 percent, down from 7.6 percent in the previous month. The statistical office said that the results of the March LFS do not fully reflect the coronavirus outbreak and its impact on the Swedish labour market.
2020-04-21
Sweden February Jobless Rate Highest since 2015
The unemployment rate in Sweden rose to 8.2 percent in February of 2020 from 7.3 percent in the same month of the previous year and above market expectations of 7.3 percent. The rate was the highest since June of 2015, as the number of unemployed went to by 57 thousand to 454 thousand while employed increased by 47 thousand to 5.077 million. The activity rate rose to 73.4 percent from 72.7 percent a year ago while the employment rate dropped to 67.4 percent vs 68 percent. In the previous month, the jobless rate was lower at 7.5 percent. Seasonally adjusted, the unemployment rate was 7.6 percent, up from 7.1 percent in the previous month.
2020-03-13
Sweden Jobless Rate at 10-Month High
Unemployment Rate in Sweden increased to 7.5 percent in January of 2020 from 6.5 percent in the same month of the previous year. It was the highest jobless rate since March of 2019, as the number of unemployed persons rose by 51,000 to 410 thousand while employment went up by 14,000 to 5.034 million. The activity rate increased to 72.3 percent from 71.7 percent a year ago while the employment rate fell to 66.9 percent from 68 percent. Seasonally adjusted, the unemployment rate was 7.0 percent.
2020-02-18

Sweden Unemployment Rate
In Sweden, the unemployment rate measures the number of people actively looking for a job as a percentage of the labour force.