Sweden's unemployment rate rose to 9.8 percent in June 2020, from 9.0 percent in the previous month and 7.2 percent in the same period last year. That was the highest jobless rate since June 2009 as the coronavirus crisis hit the labor market. The number of unemployed increase by 150 thousand from a year earlier to 557 thousand, while employment declined by 148 thousand to 5.101 million. The labor force participation rate decreased 0.2 percentage points to 75.1 percent. Seasonally adjusted, the unemployment rate was 9.2 percent, up from 8.5 percent in the previous month.

Unemployment Rate in Sweden averaged 6 percent from 1980 until 2020, 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 August of 2020. source: Statistics Sweden

Unemployment Rate in Sweden is expected to be 9.80 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 9.20 in 12 months time. In the long-term, the Sweden Unemployment Rate is projected to trend around 8.80 percent in 2021 and 7.50 percent in 2022, according to our econometric models.

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Sweden Unemployment Rate

Actual Previous Highest Lowest Dates Unit Frequency
9.80 9.00 10.50 1.30 1980 - 2020 percent Monthly
NSA


Calendar GMT Actual Previous Consensus TEForecast
2020-04-21 07:30 AM Mar 7.1% 8.2% 8.9%
2020-05-25 07:30 AM Apr 8.2% 7.1% 7.5%
2020-06-17 07:30 AM May 9% 8.2% 8.4% 8.5%
2020-07-23 07:30 AM Jun 9.8% 9% 9.1%
2020-08-20 07:30 AM Jul 9.8%
2020-09-15 07:30 AM Aug
2020-10-15 07:30 AM Sep 9.8%
2020-11-19 08:30 AM Oct
Go to our Calendar for more events. Or learn more about the Calendar API for direct access.


News Stream
Swedish Jobless Rate Hits 11-Year High
Sweden's unemployment rate rose to 9.8 percent in June 2020, from 9.0 percent in the previous month and 7.2 percent in the same period last year. That was the highest jobless rate since June 2009 as the coronavirus crisis hit the labor market. The number of unemployed increase by 150 thousand from a year earlier to 557 thousand, while employment declined by 148 thousand to 5.101 million. The labor force participation rate decreased 0.2 percentage points to 75.1 percent. Seasonally adjusted, the unemployment rate was 9.2 percent, up from 8.5 percent in the previous month.
2020-07-23
Sweden May Jobless Rate Highest Since 2014
Sweden's jobless rate increased to 9 percent in May of 2020 from 7.1 in the corresponding month of the previous year, above market expectations of 8.5 percent. It was the highest jobless rate since June of 2014, as the effects of the coronavirus crisis began to be felt even as the country did not impose a full lockdown on public life or businesses. The number of unemployed persons went up by 110 thousand to 497 thousand while employment fell by 34 thousand to 5.023 million. The labour force participation rate increased 0.8 percentage points to 73.3 percent. Seasonally adjusted, the unemployment rate was 8.5 percent, up from 7.9 percent in the previous month.
2020-06-17
Sweden Jobless Rate Surges to 8.2% in April
Sweden's jobless rate rose to 8.2 percent in April of 2020 from 6.8 percent in the same month of the previous year, as the effects of the coronavirus crisis began to be felt even as the country did not impose a full lockdown on public life or businesses. The number of unemployed persons went up by 79 thousand to 449 thousand while employment fell by 100 thousand to 5.005 million. The labour force participation rate dropped 0.6 percentage points to 72.4 percent and the average number of hours worked was down 9.1 percent to 143.6 million hours per week. Seasonally adjusted, the unemployment rate was 7.9 percent, up from 6.7 percent in the previous month.
2020-05-25
Swedish Unemployment Rate Falls to 7.1% in March
Sweden's jobless rate fell to 7.1 percent in March 2020 from 7.7 percent in the same month of the previous year, as the number of unemployed declined by 35 thousand to 389 thousand and employment was down 41 thousand to 5.055 million. The labor force participation rate dropped 1.3 percentage points to 72.3 percent and the number of hours worked in March was down 4.9 percent. Seasonally adjusted, the unemployment rate was 6.7 percent, down from 7.6 percent in the previous month. The statistical office said that the results of the March LFS do not fully reflect the coronavirus outbreak and its impact on the Swedish labour market.
2020-04-21

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.