Sweden’s unemployment rate decreased to 7.5 percent in April 2023, down from 8.2 percent in the same month last year, and was almost in line with market expectations of 7.6 percent. The number of unemployed persons fell by 35 thousand year-on-year to 423 thousand, while employed persons rose by 83 thousand to 5.2 million. Consequently, the employment rate went up by 0.7 percentage points to 69.2 percent, and the labor force participation rate grew by 0.2 percentage points to 74.8 percent. Seasonally adjusted, the jobless rate was at 7.2 percent in April. source: Statistics Sweden

Unemployment Rate in Sweden averaged 6.14 percent from 1980 until 2023, 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 2023.

Unemployment Rate in Sweden is expected to be 7.10 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Sweden Unemployment Rate is projected to trend around 7.80 percent in 2024 and 7.70 percent in 2025, according to our econometric models.

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Sweden Unemployment Rate



Calendar GMT Actual Previous Consensus TEForecast
2023-04-26 06:00 AM Mar 7.7% 8.2% 6.80%
2023-05-25 06:00 AM Apr 7.5% 7.7% 7.6% 7.8%
2023-06-21 06:00 AM May 7.5%


Related Last Previous Unit Reference
Unemployment Rate 7.50 7.70 percent Apr 2023
Employed Persons 5234.00 5236.00 Thousand Apr 2023
Unemployed Persons 423.00 434.00 Thousand Apr 2023
Labour Costs 151.10 150.60 points Mar 2023
Wages 187.90 189.20 SEK/Hour Mar 2023
Wages in Manufacturing 199.30 200.40 SEK/Hour Mar 2023
Labor Force Participation Rate 74.80 75.00 percent Apr 2023
Employment Rate 69.20 69.30 percent Apr 2023

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.
Actual Previous Highest Lowest Dates Unit Frequency
7.50 7.70 10.50 1.30 1980 - 2023 percent Monthly
NSA

News Stream
Swedish Jobless Rate Falls to 7.5% in April
Sweden’s unemployment rate decreased to 7.5 percent in April 2023, down from 8.2 percent in the same month last year, and was almost in line with market expectations of 7.6 percent. The number of unemployed persons fell by 35 thousand year-on-year to 423 thousand, while employed persons rose by 83 thousand to 5.2 million. Consequently, the employment rate went up by 0.7 percentage points to 69.2 percent, and the labor force participation rate grew by 0.2 percentage points to 74.8 percent. Seasonally adjusted, the jobless rate was at 7.2 percent in April.
2023-05-25
Swedish Jobless Rate Down to 7.7% in March
Sweden’s unemployment rate fell to 7.7 percent in March 2023 from 8.2 percent in the same month last year, as the number of unemployed decreased by 19 thousand to 434 thousand, while that of employed rose by 144 thousand to 5.2 million. Accordingly, the employment rate surged 1.6 percentage points to 69.3 percent, and the labor force participation rate grew by 1.3 percentage points to 75 percent. Seasonally adjusted, the unemployment rate was at 7.3 percent in March.
2023-04-26
Swedish Jobless Rate Rises to 8-Month High
Sweden’s unemployment rate increased to 8.2 percent in February 2023, the highest since June 2022, and compared with 7.9 percent in the same month last year. The number of unemployed advanced by 24 thousand from a year earlier to a nine-month high of 459 thousand, while employed persons went up by 67 thousand to a three-month high of 5.17 million. Accordingly, the employment rate climbed 0.3 percentage points to 68.2 percent while the labor force participation rate rose by 0.5 percentage points to 74.2 percent. Seasonally adjusted, the unemployment rate was at 7.4 percent in February.
2023-03-17