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.