Sweden's unemployment rate jumped to 8.2 percent in December of 2020 from 6 percent in the corresponding month of the previous year. The number of unemployed increased by 121 thousand from a year earlier to 450 thousand while employment fell by 61 thousand to 5.054 million. The labor force participation rate went up to 73 percent in December from 72.3 percent. Seasonally adjusted, the unemployment rate was 8.6 percent. source: Statistics Sweden

Unemployment Rate in Sweden averaged 6.03 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 February of 2021.

Unemployment Rate in Sweden is expected to be 9.90 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 8.80 in 12 months time. In the long-term, the Sweden Unemployment Rate is projected to trend around 7.50 percent in 2022, according to our econometric models.

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Sweden Unemployment Rate

Actual Previous Highest Lowest Dates Unit Frequency
8.20 7.70 10.50 1.30 1980 - 2020 percent Monthly
NSA


Calendar GMT Actual Previous Consensus TEForecast
2020-10-15 07:30 AM Sep 8.3% 8.8% 9.4% 9.5%
2020-11-19 08:30 AM Oct 7.8% 8.3% 8.5%
2020-12-17 08:30 AM Nov 7.7% 7.8% 8.4% 8.6%
2021-01-28 08:30 AM Dec 8.2% 7.7% 7.3%
2021-02-23 08:30 AM Jan 8.2%
2021-03-18 08:30 AM Feb
2021-04-27 07:30 AM Mar
2021-05-26 07:30 AM Apr


News Stream
Swedish Unemployment Rate Rises to 8.2% in December
Sweden's unemployment rate jumped to 8.2 percent in December of 2020 from 6 percent in the corresponding month of the previous year. The number of unemployed increased by 121 thousand from a year earlier to 450 thousand while employment fell by 61 thousand to 5.054 million. The labor force participation rate went up to 73 percent in December from 72.3 percent. Seasonally adjusted, the unemployment rate was 8.6 percent.
2021-01-28
Swedish Unemployment Rate Climbs to 7.7% in November
Sweden's unemployment rate rose to 7.7 percent in November of 2020 from 6.8 percent in the corresponding month of the previous year, compared to market expectations of 8.4 percent. The number of unemployed increased by 43 thousand from a year earlier to 421 thousand, while employment fell by 78 thousand to 5.062 million. The labor force participation rate dropped to 72.7 percent in November from 73.3 percent. Seasonally adjusted, the unemployment rate was 8.3 percent, slightly below market forecasts of 8.8 percent.
2020-12-17
Swedish Unemployment Rate Rises to 7.8% in October
Sweden's unemployment rate rose to 7.8 percent in October 2020, from 6.0 percent in the same period last year, as the coronavirus crisis hit the labor market. The number of unemployed increased by 101 thousand from a year earlier to 430 thousand, while employment declined by 76 thousand to 5.06 million. The labor force participation rate increased 0.1 percentage points to 72.8 percent. Seasonally adjusted, the unemployment rate was 8.6 percent, slightly below market forecasts of 9.0 percent.
2020-11-19
Swedish Jobless Rate at 8.3% in September
Sweden's unemployment rate rose to 8.3 percent in September 2020, from 6.0 percent in the same period last year, as the coronavirus crisis hit the labor market. The number of unemployed increased by 121 thousand from a year earlier to 453 thousand, while employment declined by 132 thousand to 5.04 milliion. The labor force participation rate decreased 0.3 percentage points to 72.8 percent. Seasonally adjusted, the unemployment rate was 9.0 percent, down from 9.1 percent in the previous month.
2020-10-15

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.