Sweden Unemployment Rate  Forecast


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 5.90 in 12 months time. In the long-term, the Sweden Unemployment Rate is projected to trend around 5.80 percent in 2020, according to our econometric models.


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Sweden Labour Last Q4/17 Q1/18 Q2/18 Q3/18 2020
Unemployment Rate 6.2 6.6 7.1 7 5.9 5.8
Employed Persons 5055 5051 5047 5044 5041 5029
Unemployed Persons 332 336 340 343 346 351
Long Term Unemployment Rate 1.4 1.43 1.44 1.43 1.43 1.4
Youth Unemployment Rate 18.2 18.25 18.18 18.1 18.03 17.53
Labour Costs 127 127 127 127 127 126
Job Vacancies 811 657 537 464 420 351
Wages 166 167 167 167 167 166
Wages in Manufacturing 178 178 178 178 177 177
Population 10 10 10.32 10.32 10.32 10.58
Retirement Age Women 65 65 65 65 65 65
Retirement Age Men 65 65 65 65 65 65
Employment Change 0.6 0.54 0.39 0.37 0.11 0.2
Employment Rate 69.3 65.81 65.7 65.88 65.98 65.96
Full Time Employment 3597 3620 3609 3639 3646 3616
Productivity 106 107 102 106 112 108
Wages Low Skilled 20600 21533 21533 21533 21533 21533
Wages High Skilled 33900 33512 34386 35501 33732 35285
Labor Force Participation Rate 74.7 70.34 71.15 71.36 71.19 71.19
Living Wage Family 12691 13155 13155 13155 13155 13155
Living Wage Individual 11046 11386 11394 11392 11393 11392
Part Time Employment 1144 1133 1133 1134 1133 1125