Sweden's unemployment rate rose to 8.8 percent in August of 2020 from 6.9 percent in the corresponding month of the previous year. The number of unemployed increased by 114 thousand from a year earlier to 494 thousand, while employment declined by 89 thousand to 4.617 million. The labor force participation rate went up 0.6 percentage points to 74.4 percent. Seasonally adjusted, the unemployment rate was 9.3 percent.
Unemployment Rate in Sweden averaged 6.01 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 September 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 9.20 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.