Sweden's unemployment rate fell to 8.5% in August 2021, from 8.8% in the same month last year, as the labour market continued to recover from the worst of the pandemic. The number of unemployed decreased by 15 thousand from a year earlier to 479 thousand, while employment rose by 8 thousand to 5.12 million. The labor force participation rate increased 0.1 percentage points to 74.5%. Seasonally adjusted, the unemployment rate rose to 8.8% in August from 8.4% in the prior month. source: Statistics Sweden

Unemployment Rate in Sweden averaged 6.08 percent from 1980 until 2021, 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 2021.

Unemployment Rate in Sweden is expected to be 8.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Sweden Unemployment Rate is projected to trend around 7.70 percent in 2022 and 7.00 percent in 2023, according to our econometric models.

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Sweden Unemployment Rate

Actual Previous Highest Lowest Dates Unit Frequency
8.50 8.00 10.50 1.30 1980 - 2021 percent Monthly
NSA


Calendar GMT Actual Previous Consensus TEForecast
2021-06-22 07:30 AM May 9.8% 9.4% 9.7%
2021-07-29 07:30 AM Jun 10.3% 9.8% 9.5%
2021-08-26 07:30 AM Jul 8.0% 10.3% 9.7%
2021-09-21 07:30 AM Aug 8.5% 8.0% 8.1%
2021-10-21 07:30 AM Sep 8.5% 8%
2021-11-18 08:30 AM Oct
2021-12-16 08:30 AM Nov


News Stream
Swedish Jobless Rate Down to 8.5% in August
Sweden's unemployment rate fell to 8.5% in August 2021, from 8.8% in the same month last year, as the labour market continued to recover from the worst of the pandemic. The number of unemployed decreased by 15 thousand from a year earlier to 479 thousand, while employment rose by 8 thousand to 5.12 million. The labor force participation rate increased 0.1 percentage points to 74.5%. Seasonally adjusted, the unemployment rate rose to 8.8% in August from 8.4% in the prior month.
2021-09-21
Swedish Jobless Rate Falls in July
Sweden's unemployment rate declined to 8.0 percent in July 2021, from 8.9 percent in the same month last year, as the labor market recovery continued its steady recovery from the coronavirus pandemic hit. The number of unemployed decreased by 48 thousand from a year earlier to 454 thousand, while employment rose by 107 thousand to 5.26 million. The labor force participation rate increased 1.2 percentage points to 76.2 percent. Seasonally adjusted, the unemployment rate was 8.4 percent, down from 9.5 percent in the previous month.
2021-08-26
Swedish Jobless Rate Rises to 9.8% in May
Sweden's unemployment rate picked up to 9.8 percent in May of 2021 from 9 percent in the corresponding month of the previous year. The number of unemployed increased by 49 thousand from a year earlier to 546 thousand and employment went up by 29 thousand to 5.052 million. At the same time, the labour force went up by 78 thousand to 5,598 million. Seasonally adjusted, the unemployment rate stood at 9.1 percent.
2021-06-22
Sweden Jobless Rate Rises to 9.4% in April
Sweden's unemployment rate rose to 9.4 percent in April of 2021 from 8.2 percent in the corresponding month of the previous year. The number of unemployed increased by 71.8 thousand from a year earlier to 521 thousand and employment went up by 3.6 thousand to 5.009 million. The labor force participation rate increased to 73.7 percent, from 72.4 percent a year earlier. Seasonally adjusted, the unemployment rate stood at 9.1 percent.
2021-05-26

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.