Sweden's unemployment rate dropped to 7.6 percent in October of 2021, from 7.8 percent in the same month last year. It was the lowest jobless rate since March of 2020. The number of unemployed decreased by 12 thousand from a year earlier to 418 thousand, the lowest since March of 2020; while employment edged down by 2 thousand to 5.06 million. The labor force participation rate increased 0.3 percentage points to 73.1 percent. Seasonally adjusted, the unemployment rate was 8.5 percent in October, down from 8.8 percent in the prior month. source: Statistics Sweden

Unemployment Rate in Sweden averaged 6.09 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 December of 2021.

Unemployment Rate in Sweden is expected to be 8.50 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 7.70 percent in 2022 and 7.00 percent in 2023, according to our econometric models.

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Sweden Unemployment Rate


Calendar GMT Actual Previous Consensus TEForecast
2021-10-21 07:30 AM Sep 8.2% 8.5% 8%
2021-11-18 08:30 AM Oct 7.6% 8.2% 8%
2021-12-16 08:30 AM Nov 7.6%


Related Last Previous Unit Reference
Unemployment Rate 7.60 8.20 percent Oct/21
Employed Persons 5060.00 5096.00 Thousand Oct/21
Unemployed Persons 418.00 454.00 Thousand Oct/21
Labour Costs 141.80 140.90 points Sep/21
Wages 179.30 176.80 SEK/Hour Sep/21
Wages in Manufacturing 191.60 192.90 SEK/Hour Sep/21
Labor Force Participation Rate 73.80 74.50 percent Sep/21
Employment Rate 67.80 68.20 percent Sep/21

News Stream
Swedish Jobless Rate Falls to Over 1-1/2-Year Low
Sweden's unemployment rate dropped to 7.6 percent in October of 2021, from 7.8 percent in the same month last year. It was the lowest jobless rate since March of 2020. The number of unemployed decreased by 12 thousand from a year earlier to 418 thousand, the lowest since March of 2020; while employment edged down by 2 thousand to 5.06 million. The labor force participation rate increased 0.3 percentage points to 73.1 percent. Seasonally adjusted, the unemployment rate was 8.5 percent in October, down from 8.8 percent in the prior month.
2021-11-18
Sweden Jobless Rate Inches Lower in September
Sweden's unemployment rate edged down to 8.2 percent in September of 2021, from 8.3 percent in the same month last year, amid the ongoing recovery from the pandemic-induced crisis. The latest figures also reflect the adoption of the new EU framework regulation on social statistics in January this year and changes to the definition of the employed population. The number of unemployed went up by one thousand persons from a year earlier to 454 thousand, while employment rose by 60 thousand to 5.096 million. The labor force participation rate increased by one percentage point to 73.8%. On a seasonally adjusted basis, the unemployment rate was unchanged at 8.8% in September from the prior month.
2021-10-21
Swedish Jobless Rate Down to 8.5% in August
Sweden's unemployment rate fell to 8.5% in August 2021, from 8.8% in the same month last year, as the labour market continued to recover from the worst of the pandemic. The number of unemployed decreased by 15 thousand from a year earlier to 479 thousand, while employment rose by 8 thousand to 5.12 million. The labor force participation rate increased 0.1 percentage points to 74.5%. Seasonally adjusted, the unemployment rate rose to 8.8% in August from 8.4% in the prior month.
2021-09-21

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.