Sweden’s unemployment rate increased to 6.8 percent in November of 2019 from 5.8 percent in the same month of the previous year and above market expectations of 6.3 percent. The number of unemployed rose 63 thousand to 378 thousand while employment dropped 14 thousand to 5.14 million. By genders, the jobless rate was 7.1 percent among women and 6.6 percent among men. Meantime, the activity rate increased 1.0 percentage points to 73.3 percent while the employment rate was up 0.2 percentage points to 68.3 percent. Unemployment Rate in Sweden averaged 5.97 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. source: Statistics Sweden

Unemployment Rate in Sweden is expected to be 6.70 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 6.20 in 12 months time. In the long-term, the Sweden Unemployment Rate is projected to trend around 6.20 percent in 2020, according to our econometric models.

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Sweden Unemployment Rate

Actual Previous Highest Lowest Dates Unit Frequency
6.80 6.00 10.50 1.30 1980 - 2019 percent Monthly
NSA



Calendar GMT Actual Previous Consensus TEForecast
2019-09-17 07:30 AM Aug 7.1% 6.9% 5.9%
2019-10-17 07:30 AM Sep 7.1% 7.1% 6.7% 6.6%
2019-11-14 08:30 AM Oct 6.0% 7.1% 6.7%
2019-12-12 08:30 AM Nov 6.8% 6.0% 6.3% 6.1%
2020-01-23 08:30 AM Dec 6.8% 6.7%


News Stream
2019-11-14
Sweden Jobless Rate Rises to 6.0% in October
Sweden’s unemployment rate increased to 6.0 percent in October of 2019 from 5.5 percent in the same month of the previous year, as the number of unemployed rose 22 thousand to 330 thousand while employment dropped 11 thousand to 5.14 million. By genders, the jobless rate was 6.0 percent among women and 6.1 percent among men. Meantime, the activity rate decreased 0.4 percentage points to 72.7 percent while the employment rate was down 0.2 percentage points to 68.3 percent.

2019-10-17
Swedish Jobless Rate Rises More Than Expected
Sweden’s unemployment rate increased to 7.1 percent in September of 2019 from 6.0 percent in the same month of the previous year and above market expectations of 6.7 percent. The number of unemployed rose 62 thousand to 391 thousand while employment dropped 9 thousand to 5.11 million. By genders, the jobless rate was 7.0 percent among women and 7.2 percent among men. Meantime, the activity rate increased 0.3 percentage points to 73.2 percent while the employment rate was down 0.5 percentage points to 68 percent.

2019-09-17
Sweden Jobless Rate Rises to 7.1% in August
Sweden’s unemployment rate increased to 7.1 percent in August of 2019 from 6.1 percent in the same month of the previous year, as the number of unemployed rose 56 thousand to 393 thousand while employment dropped 36 thousand to 5.13 million. By genders, the jobless rate was 7.0 percent among women and 7.2 percent among men. Meantime, the activity rate decreased 0.2 percentage points to 73.5 percent while the employment rate was down 0.9 percentage points to 68.3 percent.

2019-08-22
Swedish Unemployment Rate Rises to 6.9% in July
Sweden's unemployment rate increased to 6.9 percent in July 2019 from 6.0 percent in the same month of the previous year, as the number of unemployed rose 50 thousand to 390 thousand while employment dropped 42 thousand to 5.24 million. By genders, the jobless rate was 7.0 percent among women and 6.9 percent among men. Meantime, the activity rate decreased 0.4 percentage points to 74.9 percent while the employment rate was down 1.0 percentage points to 69.8 percent.

2019-07-25
Swedish Jobless Rate Rises Above Forecasts
Sweden's unemployment rate rose to 7.6 percent in June 2019 from 7.2 percent in the same month last year and above market expectations of 6.5 percent, as the number of unemployed increased 24.4 thousand to 427.2 thousand while the number of employed advanced 30.9 thousand to 5.23 million. The activity rate rose 0.2 percentage points to 75.3 percent and the employment rate was down 0.1 percentage points to 69.6 percent.

2019-06-19
Sweden Jobless Rate Rises to 6.8% in May
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.


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.

Sweden Labour Last Previous Highest Lowest Unit
Unemployment Rate 6.80 6.00 10.50 1.30 percent [+]
Employed Persons 5140.00 5138.00 5271.00 4236.00 Thousand [+]
Unemployed Persons 378.00 330.00 503.00 243.00 Thousand [+]
Long Term Unemployment Rate 1.00 1.20 3.50 0.30 percent [+]
Youth Unemployment Rate 20.10 19.60 27.80 2.90 percent [+]
Labour Costs 135.30 134.70 135.30 100.00 points [+]
Job Vacancies 933.00 728.00 1520.00 51.00 Hundred [+]
Wages 176.10 174.70 177.70 133.60 SEK/Hour [+]
Wages in Manufacturing 187.10 185.90 191.10 139.70 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 73.30 72.70 75.30 69.20 percent [+]
Wage Growth 2.40 2.50 7.10 1.90 percent [+]
Part Time Employment 1091.90 1117.30 1177.30 824.30 Thousand [+]
Productivity 114.10 105.10 114.50 68.30 points [+]
Employment Change 0.20 0.10 0.90 -1.00 percent [+]
Employment Rate 68.30 68.30 70.80 62.60 percent [+]
Full Time Employment 3869.10 3777.20 3895.20 2896.00 Thousand [+]