Sweden's unemployment rate climbed to 10% in March of 2021 from 7.1% in the corresponding month of the previous year and above market expectations of 9.6%. It was the highest jobless rate since July of 1997, amid the Covid-19 pandemic. The number of unemployed increased by 160 thousand from a year earlier to a nine-month high of 549 thousand, while employment went down by 109 thousand to 4.946 million. source: Statistics Sweden
Unemployment Rate in Sweden averaged 6.05 percent from 1980 until 2021, 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 April of 2021.
Unemployment Rate in Sweden is expected to be 9.20 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 8.40 in 12 months time. In the long-term, the Sweden Unemployment Rate is projected to trend around 7.90 percent in 2022 and 7.00 percent in 2023, according to our econometric models.