Sweden's jobless rate rose to 8.2 percent in April of 2020 from 6.8 percent in the same month of the previous year, 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 79 thousand to 449 thousand while employment fell by 100 thousand to 5.005 million. The labour force participation rate dropped 0.6 percentage points to 72.4 percent and the average number of hours worked was down 9.1 percent to 143.6 million hours per week. Seasonally adjusted, the unemployment rate was 7.9 percent, up from 6.7 percent in the previous month.
Unemployment Rate in Sweden averaged 5.99 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 June 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 9.90 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.