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.

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Sweden Unemployment Rate

Actual Previous Highest Lowest Dates Unit Frequency
8.80 8.90 10.50 1.30 1980 - 2020 percent Monthly
NSA


Calendar GMT Actual Previous Consensus TEForecast
2020-06-17 07:30 AM May 9% 8.2% 8.4% 8.5%
2020-07-23 07:30 AM Jun 9.8% 9% 9.1%
2020-08-20 07:30 AM Jul 8.9% 9.8% 9.8% 10%
2020-09-15 07:30 AM Aug 8.8% 8.9% 9.1%
2020-10-15 07:30 AM Sep 8.8% 9.5%
2020-11-19 08:30 AM Oct
2020-12-17 08:30 AM Nov


News Stream
Swedish Jobless Rate Rises to 8.8% in August
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.
2020-09-15
Swedish Jobless Rate Rises to 8.9% in July
Sweden's unemployment rate rose to 8.9 percent in July 2020, from 6.9 percent in the same period last year, as the coronavirus crisis hit the labor market. The number of unemployed increased by 112 thousand from a year earlier to 502 thousand, while employment declined by 120 thousand to 5.150 million. The labor force participation rate decreased 0.4 percentage points to 75.0 percent. Seasonally adjusted, the unemployment rate was 9.2 percent, unchanged from the previous month.
2020-08-20
Swedish Jobless Rate Hits 11-Year High
Sweden's unemployment rate rose to 9.8 percent in June 2020, from 9.0 percent in the previous month and 7.2 percent in the same period last year. That was the highest jobless rate since June 2009 as the coronavirus crisis hit the labor market. The number of unemployed increase by 150 thousand from a year earlier to 557 thousand, while employment declined by 148 thousand to 5.101 million. The labor force participation rate decreased 0.2 percentage points to 75.1 percent. Seasonally adjusted, the unemployment rate was 9.2 percent, up from 8.5 percent in the previous month.
2020-07-23
Sweden May Jobless Rate Highest Since 2014
Sweden's jobless rate increased to 9 percent in May of 2020 from 7.1 in the corresponding month of the previous year, above market expectations of 8.5 percent. It was the highest jobless rate since June of 2014, 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 110 thousand to 497 thousand while employment fell by 34 thousand to 5.023 million. The labour force participation rate increased 0.8 percentage points to 73.3 percent. Seasonally adjusted, the unemployment rate was 8.5 percent, up from 7.9 percent in the previous month.
2020-06-17

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.