Sweden's unemployment rate fell to 6.2 percent in April 2019 from 6.8 percent in the same month of the previous year and against market expectations of 6.8 percent. It was the lowest jobless rate since December 2018, as the number of unemployed declined 27 thousand to 339 thousand while employment rose 93 thousand to 5.13 million. By genders, the jobless rate was 6.0 percent among women and 6.3 percent among men. Meantime, the labor force participation rate decreased 0.2 percent to 73 percent while the employment rate went up 0.5 percentage points to 68.5 percent. Seasonally adjusted, the unemployment rate was 6.2 percent, down from 6.3 percent in the previous month. Unemployment Rate in Sweden averaged 5.95 percent from 1980 until 2019, 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 6.90 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 6.50 in 12 months time. In the long-term, the Sweden Unemployment Rate is projected to trend around 6.60 percent in 2020, according to our econometric models.