Sweden's unemployment rate increased to 6.8 percent in May 2019 from 6.5 percent in the same month of the previous year and above market expectations of 6.5 percent. The number of unemployed rose by 21 thousand to 373 thousand while employment decreased by 6 thousand to 5.10 million. By genders, the jobless rate was 6.4 percent among women and 7.2 percent among men. The unemployment rate among young people was 22.3 percent, an increase of 3.9 percentage points compared with May 2018. Meantime, the employment rate went down to 67.9 percent from 68.5 in May 2018 and the activity rate also fell to 72.9 percent from 73.2 percent a year ago. Seasonally adjusted, the unemployment rate was 6.4 percent, up from 5.9 percent in the previous month. Unemployment Rate in Sweden averaged 5.96 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.

Sweden Unemployment Rate
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Calendar GMT Actual Previous Consensus TEForecast
2019-03-14 08:30 AM Unemployment Rate Feb 6.6% 6.5% 6.6%
2019-04-18 07:30 AM Unemployment Rate Mar 7.1% 6.6% 6.6% 6.4%
2019-05-23 07:30 AM Unemployment Rate Apr 6.2% 7.1% 6.8% 6.6%
2019-06-19 07:30 AM Unemployment Rate May 6.8% 6.2% 6.5% 6.5%
2019-07-25 07:30 AM Unemployment Rate Jun 6.8% 6.9%
2019-08-22 07:30 AM Unemployment Rate Jul 5.9%
2019-09-17 07:30 AM Unemployment Rate Aug 5.9%


Sweden Labour Last Previous Highest Lowest Unit
Unemployment Rate 6.80 6.20 10.50 1.30 percent [+]
Employed Persons 5095.00 5136.00 5281.00 4236.00 Thousand [+]
Unemployed Persons 373.00 339.00 503.00 243.00 Thousand [+]
Long Term Unemployment Rate 1.20 1.00 3.50 0.30 percent [+]
Youth Unemployment Rate 18.60 16.90 27.80 2.90 percent [+]
Labour Costs 133.70 133.00 133.70 100.00 Index Points [+]
Job Vacancies 1001.00 1248.00 1520.00 51.00 Hundred [+]
Wages 175.70 173.30 175.70 133.60 SEK/Hour [+]
Wages in Manufacturing 187.70 184.80 187.70 139.70 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 72.90 73.00 75.30 69.20 percent [+]
Wage Growth 2.30 2.30 7.10 1.90 percent [+]
Productivity 102.80 105.00 114.50 68.30 Index Points [+]
Part Time Employment 1117.30 1115.60 1177.30 824.30 Thousand [+]
Employment Change 0.00 0.70 1.10 -1.20 percent [+]
Employment Rate 68.50 68.00 70.80 62.60 percent [+]
Full Time Employment 3777.20 3817.10 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 July of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
6.80 6.20 10.50 1.30 1980 - 2019 percent Monthly
NSA




Country Last Previous
South Africa 27.60 Mar/19
Spain 14.70 Mar/19
Turkey 13.00 Apr/19
Brazil 12.30 May/19
Argentina 10.10 Mar/19
Italy 9.90 May/19
France 8.70 Mar/19
Euro Area 7.50 May/19
India 6.00 Dec/18
Saudi Arabia 5.70 Mar/19
Canada 5.50 Jun/19
Australia 5.20 Jun/19
Indonesia 5.01 Mar/19
Russia 4.40 Jun/19
South Korea 4.00 Jun/19
United Kingdom 3.80 May/19
United States 3.70 Jun/19
China 3.67 Mar/19
Mexico 3.50 May/19
Netherlands 3.40 Jun/19
Germany 3.10 May/19
Japan 2.40 May/19
Singapore 2.20 Mar/19
Switzerland 2.10 Jun/19


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