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. source: Statistics Sweden

Unemployment Rate in Sweden averaged 6.02 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 November of 2020.

Unemployment Rate in Sweden is expected to be 10.40 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 9.00 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.

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Sweden Unemployment Rate

Actual Previous Highest Lowest Dates Unit Frequency
7.80 8.30 10.50 1.30 1980 - 2020 percent Monthly
NSA


Calendar GMT Actual Previous Consensus TEForecast
2020-08-20 07:30 AM Jul 8.9% 9.8% 9.8% 10%
2020-09-15 07:30 AM Aug 8.8% 8.9% 9.1%
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 7.8%
2021-01-22 08:30 AM Dec
2021-02-18 08:30 AM Jan
2021-03-12 08:30 AM Feb


News Stream
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
Swedish Jobless Rate Rises to 8.8% in August
Sweden's unemployment rate rose to 8.8 percent in August of 2020 from 6.9 percent in the corresponding month of the previous year. The number of unemployed increased by 114 thousand from a year earlier to 494 thousand, while employment declined by 89 thousand to 4.617 million. The labor force participation rate went up 0.6 percentage points to 74.4 percent. Seasonally adjusted, the unemployment rate was 9.3 percent.
2020-09-15
Swedish Jobless Rate Rises to 8.9% in July
Sweden's unemployment rate rose to 8.9 percent in July 2020, from 6.9 percent in the same period last year, as the coronavirus crisis hit the labor market. The number of unemployed increased by 112 thousand from a year earlier to 502 thousand, while employment declined by 120 thousand to 5.150 million. The labor force participation rate decreased 0.4 percentage points to 75.0 percent. Seasonally adjusted, the unemployment rate was 9.2 percent, unchanged from the previous month.
2020-08-20

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.