Sweden’s unemployment rate fell to 8.5 percent in May of 2022 from 9.8 percent in the same month last year, with the number of unemployed declining by 64 thousand to 482.0 thousand. Meanwhile, employment increased by 123 thousand from a year earlier to 5.18 million. Accordingly, the rate employment rose to 68.7 percent from 67.2 percent, while the labor force participation rate rose to 75.1 percent from 74.5 a year ago. Seasonally adjusted, the unemployment rate was at 7.7 percent in May. source: Statistics Sweden

Unemployment Rate in Sweden averaged 6.11 percent from 1980 until 2022, 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 2022.

Unemployment Rate in Sweden is expected to be 8.30 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 7.00 percent in 2023 and 6.80 percent in 2024, according to our econometric models.

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Sweden Unemployment Rate



Calendar GMT Actual Previous Consensus TEForecast
2022-05-25 06:00 AM Apr 8.2% 8.2% 8%
2022-06-22 06:00 AM May 8.5% 8.2% 8.1%
2022-07-29 06:00 AM Jun 8.5%


Related Last Previous Unit Reference
Unemployment Rate 8.50 8.20 percent May 2022
Employed Persons 5175.00 5151.00 Thousand May 2022
Unemployed Persons 482.00 458.00 Thousand May 2022
Labour Costs 147.70 146.80 points Mar 2022
Wages 182.80 185.20 SEK/Hour Mar 2022
Wages in Manufacturing 193.70 196.00 SEK/Hour Mar 2022
Labor Force Participation Rate 75.10 74.60 percent May 2022
Employment Rate 68.50 67.70 percent Apr 2022

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
8.50 8.20 10.50 1.30 1980 - 2022 percent Monthly
NSA

News Stream
Sweden Jobless Rate Declines to 8.5%
Sweden’s unemployment rate fell to 8.5 percent in May of 2022 from 9.8 percent in the same month last year, with the number of unemployed declining by 64 thousand to 482.0 thousand. Meanwhile, employment increased by 123 thousand from a year earlier to 5.18 million. Accordingly, the rate employment rose to 68.7 percent from 67.2 percent, while the labor force participation rate rose to 75.1 percent from 74.5 a year ago. Seasonally adjusted, the unemployment rate was at 7.7 percent in May.
2022-06-22
Swedish Jobless Rate Falls to 8.2% in April
Sweden’s unemployment rate declined to 8.2 percent in April of 2022, compared with 9.4 percent in the same month last year. The number of unemployed declined by 63 thousand from a year earlier to 458 thousand, while employed persons went up by 141 thousand to 5.15 million. Accordingly, the employment rate increased 1.7 percentage points to 68.5 percent and the labour force participation rate rose by 0.9 percentage points to 74.6 percent. Seasonally adjusted, the unemployment rate stood at 7.6 percent in April.
2022-05-25
Swedish Jobless Rate Drops to 8.2% in March
Sweden’s unemployment rate decreased to 8.2 percent in March of 2022, compared with 10 percent in the same month last year. The number of unemployed declined by 96 thousand from a year earlier to 454 thousand, while employed persons rose by 146 thousand to 5.09 million. Accordingly, the employment rate increased 1.9 percentage points to 67.7 percent and the labour force participation rate went up by 0.6 percentage points to 73.7 percent. Seasonally adjusted, the unemployment rate stood at 7.6 percent in March.
2022-04-27