Sweden's unemployment rate soared to 9.7 percent in February of 2021 from 8.2 percent in the corresponding month of the previous year. It was the highest unemployment rate since April of 2010, amid the prolonged pandemic crisis. The number of unemployed increased by 77 thousand from a year earlier to 531 thousand while employment went down by 128 thousand to 4.949 million. source: Statistics Sweden

Unemployment Rate in Sweden averaged 6.04 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 9.90 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 8.80 in 12 months time. In the long-term, the Sweden Unemployment Rate is projected to trend around 7.50 percent in 2022, according to our econometric models.

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Sweden Unemployment Rate

Actual Previous Highest Lowest Dates Unit Frequency
9.70 9.30 10.50 1.30 1980 - 2021 percent Monthly
NSA


Calendar GMT Actual Previous Consensus TEForecast
2020-12-17 08:30 AM Nov 7.7% 7.8% 8.4% 8.6%
2021-01-28 08:30 AM Dec 8.2% 7.7% 7.3%
2021-02-23 08:30 AM Jan 9.3% 8.2% 8.9%
2021-03-18 08:30 AM Feb 9.7% 9.3% 9.1%
2021-04-27 07:30 AM Mar 9.7%
2021-05-26 07:30 AM Apr
2021-06-22 07:30 AM May
2021-07-29 07:30 AM Jun


News Stream
Swedish Jobless Rate Highest since 2010
Sweden's unemployment rate soared to 9.7 percent in February of 2021 from 8.2 percent in the corresponding month of the previous year. It was the highest unemployment rate since April of 2010, amid the prolonged pandemic crisis. The number of unemployed increased by 77 thousand from a year earlier to 531 thousand while employment went down by 128 thousand to 4.949 million.
2021-03-18
Swedish Jobless Rate Rises to 7-Month High
Sweden's unemployment rate climbed to 9.3 percent in January of 2021 from 7.5 percent in the corresponding month of the previous year. It was the highest jobless rate since June, amid the ongoing pandemic crisis. The number of unemployed increased by 88 thousand from a year earlier to 498 thousand while employment went down by 171 thousand to 4.863 million.
2021-02-23
Swedish Unemployment Rate Rises to 8.2% in December
Sweden's unemployment rate jumped to 8.2 percent in December of 2020 from 6 percent in the corresponding month of the previous year. The number of unemployed increased by 121 thousand from a year earlier to 450 thousand while employment fell by 61 thousand to 5.054 million. The labor force participation rate went up to 73 percent in December from 72.3 percent. Seasonally adjusted, the unemployment rate was 8.6 percent.
2021-01-28
Swedish Unemployment Rate Climbs to 7.7% in November
Sweden's unemployment rate rose to 7.7 percent in November of 2020 from 6.8 percent in the corresponding month of the previous year, compared to market expectations of 8.4 percent. The number of unemployed increased by 43 thousand from a year earlier to 421 thousand, while employment fell by 78 thousand to 5.062 million. The labor force participation rate dropped to 72.7 percent in November from 73.3 percent. Seasonally adjusted, the unemployment rate was 8.3 percent, slightly below market forecasts of 8.8 percent.
2020-12-17

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.