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.