Sweden Labour Costs - Forecast

Labour Costs in Sweden is expected to be 132.26 Index Points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Labour Costs in Sweden to stand at 134.57 in 12 months time. In the long-term, the Sweden Labour Costs is projected to trend around 141.48 Index Points in 2020, according to our econometric models.


Forecast Data Chart
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Sweden Labour Last Q4/18 Q1/19 Q2/19 Q3/19 2020
Unemployment Rate 6 5.8 6.2 5.9 5.9 6.5
Employed Persons 5119 5099 5090 5087 5085 5084
Unemployed Persons 330 339 345 345 345 345
Long Term Unemployment Rate 1.2 1.12 1.11 1.08 1.08 1.04
Youth Unemployment Rate 17 17.38 17.54 17.62 17.67 17.81
Labour Costs 131 132 133 134 135 141
Job Vacancies 818 1125 1111 968 1009 1033
Wages 170 173 171 171 171 180
Wages in Manufacturing 184 182 180 184 184 190
Population 10.12 10.12 10.21 10.21 10.21 10.32
Retirement Age Women 61 61 61 61 61 61
Retirement Age Men 61 61 61 61 61 61
Labor Force Participation Rate 73.7 70.67 71.08 71.39 71.34 71.3
Productivity 106 107 104 106 116 108
Part Time Employment 1132 1129 1127 1126 1115 1126
Employment Change 0.3 0.3 0.25 0.27 0.25 0.29
Employment Rate 69.2 68.33 68.09 67.98 67.94 67.9
Full Time Employment 3687 3762 3738 3823 3898 3827