Sweden's unemployment rate rose to 6.6 percent in February 2019 from 6.3 percent in the same month of the previous year, as the number of unemployed increased 21 thousand to 358 thousand while employment rose 54 thousand to 5.09 million. The labor force participation rate increased 0.5 percentage points to 72.7 percent and the employment rate went up 0.3 percentage points to 68.0 percent. Seasonally adjusted, the unemployment rate was 6.2 percent, up from 6.0 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 6.40 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 6.30 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.

Sweden Unemployment Rate
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Calendar GMT Actual Previous Consensus TEForecast
2018-12-13 08:30 AM Unemployment Rate 5.5% 5.5% 5.5%
2019-01-24 08:30 AM Unemployment Rate 6% 5.5% 5.80%
2019-02-14 08:30 AM Unemployment Rate 6.5% 6% 6.2%
2019-03-14 08:30 AM Unemployment Rate 6.6% 6.5% 6.6%
2019-04-18 07:30 AM Unemployment Rate 6.6% 6.4%
2019-05-23 07:30 AM Unemployment Rate 6.6%
2019-06-19 07:30 AM Unemployment Rate 6.5%


Sweden Labour Last Previous Highest Lowest Unit
Unemployment Rate 6.60 6.50 10.50 1.30 percent [+]
Employed Persons 5093.00 5065.00 5281.00 4236.00 Thousand [+]
Unemployed Persons 358.00 350.00 503.00 243.00 Thousand [+]
Long Term Unemployment Rate 1.20 1.30 3.50 0.30 percent [+]
Youth Unemployment Rate 17.40 16.40 27.80 2.90 percent [+]
Labour Costs 133.00 132.70 133.00 100.00 Index Points [+]
Job Vacancies 1520.00 1449.00 1520.00 51.00 Hundred [+]
Wages 174.70 172.90 174.70 133.60 SEK/Hour [+]
Wages in Manufacturing 185.80 183.10 185.80 139.70 SEK/Hour [+]
Population 10.12 10.00 10.12 7.47 Million [+]
Retirement Age Women 61.00 61.00 61.00 61.00 [+]
Retirement Age Men 61.00 61.00 61.00 61.00 [+]
Labor Force Participation Rate 72.70 72.30 75.30 69.20 percent [+]
Wage Growth 2.60 2.50 7.10 1.90 percent [+]
Productivity 105.00 114.30 115.90 68.30 Index Points [+]
Part Time Employment 1093.10 1136.60 1177.30 824.30 Thousand [+]
Employment Change 0.30 0.30 1.10 -1.20 percent [+]
Employment Rate 68.00 67.60 70.80 62.60 percent [+]
Full Time Employment 3895.20 3787.90 3895.20 2896.00 Thousand [+]


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. 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 - actual data, historical chart and calendar of releases - was last updated on March of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
6.60 6.50 10.50 1.30 1980 - 2019 percent Monthly
NSA




Country Last Previous
South Africa 27.10 Dec/18
Spain 14.45 Dec/18
Turkey 13.50 Dec/18
Brazil 12.00 Jan/19
Italy 10.50 Jan/19
Argentina 9.10 Dec/18
France 8.80 Dec/18
Euro Area 7.80 Jan/19
India 6.10 Dec/18
Saudi Arabia 6.00 Sep/18
Canada 5.80 Feb/19
Indonesia 5.34 Sep/18
Australia 4.90 Feb/19
Russia 4.90 Feb/19
United Kingdom 3.90 Jan/19
China 3.80 Dec/18
United States 3.80 Feb/19
South Korea 3.70 Feb/19
Mexico 3.60 Jan/19
Netherlands 3.40 Feb/19
Germany 3.20 Jan/19
Switzerland 2.70 Feb/19
Japan 2.50 Jan/19
Singapore 2.20 Dec/18


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