Sweden’s unemployment rate increased to 7.1 percent in August of 2019 from 6.1 percent in the same month of the previous year, as the number of unemployed rose 56 thousand to 393 thousand while employment dropped 36 thousand to 5.13 million. By genders, the jobless rate was 7.0 percent among women and 7.2 percent among men. Meantime, the activity rate decreased 0.2 percentage points to 73.5 percent while the employment rate was down 0.9 percentage points to 68.3 percent. Unemployment Rate in Sweden averaged 5.96 percent from 1980 until 2019, 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.

Unemployment Rate in Sweden is expected to be 6.60 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 7.20 in 12 months time. In the long-term, the Sweden Unemployment Rate is projected to trend around 6.20 percent in 2020, according to our econometric models.

Sweden Unemployment Rate
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Calendar GMT Actual Previous Consensus TEForecast
2019-06-19 07:30 AM Unemployment Rate May 6.8% 6.2% 6.5% 6.5%
2019-07-25 07:30 AM Unemployment Rate Jun 7.6% 6.8% 6.5% 6.9%
2019-08-22 07:30 AM Unemployment Rate Jul 6.9% 7.6% 5.9%
2019-09-17 07:30 AM Unemployment Rate Aug 7.1% 6.9% 5.9%
2019-10-17 07:30 AM Unemployment Rate Sep 7.1% 6.6%
2019-11-14 08:30 AM Unemployment Rate Oct 5.9%
2019-12-12 08:30 AM Unemployment Rate Nov 6.1%


Sweden Labour Last Previous Highest Lowest Unit
Unemployment Rate 7.10 6.90 10.50 1.30 percent [+]
Employed Persons 5129.00 5239.00 5281.00 4236.00 Thousand [+]
Unemployed Persons 393.00 390.00 503.00 243.00 Thousand [+]
Long Term Unemployment Rate 1.20 1.00 3.50 0.30 percent [+]
Youth Unemployment Rate 19.30 16.70 27.80 2.90 percent [+]
Labour Costs 134.30 134.50 134.50 100.00 Index Points [+]
Job Vacancies 731.00 714.00 1520.00 51.00 Hundred [+]
Wages 177.70 177.30 177.70 133.60 SEK/Hour [+]
Wages in Manufacturing 191.10 189.50 191.10 139.70 SEK/Hour [+]
Population 10.12 10.00 10.12 7.47 Million [+]
Retirement Age Women 61.00 61.00 61.00 61.00 [+]
Retirement Age Men 61.00 61.00 61.00 61.00 [+]
Labor Force Participation Rate 73.50 74.90 75.30 69.20 percent [+]
Wage Growth 2.40 2.30 7.10 1.90 percent [+]
Part Time Employment 1117.30 1115.60 1177.30 824.30 Thousand [+]
Productivity 105.10 102.80 114.50 68.30 Index Points [+]
Employment Change -0.20 -0.10 1.10 -1.20 percent [+]
Employment Rate 68.30 69.80 70.80 62.60 percent [+]
Full Time Employment 3777.20 3817.10 3895.20 2896.00 Thousand [+]


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. 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 - actual data, historical chart and calendar of releases - was last updated on September of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
7.10 6.90 10.50 1.30 1980 - 2019 percent Monthly
NSA




Country Last Previous
South Africa 29.00 Jun/19
Spain 14.02 Jun/19
Turkey 13.00 Jun/19
Brazil 11.80 Jul/19
Argentina 10.60 Jun/19
Italy 9.90 Jul/19
France 8.50 Jun/19
Euro Area 7.50 Jul/19
India 6.00 Dec/18
Canada 5.70 Aug/19
Saudi Arabia 5.60 Jun/19
Australia 5.30 Aug/19
Indonesia 5.01 Mar/19
Russia 4.30 Aug/19
United Kingdom 3.80 Jul/19
Mexico 3.70 Jul/19
United States 3.70 Aug/19
China 3.61 Jun/19
Netherlands 3.50 Aug/19
South Korea 3.10 Aug/19
Germany 3.00 Jul/19
Japan 2.20 Jul/19
Singapore 2.20 Jun/19
Switzerland 2.10 Aug/19


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