Sweden’s unemployment rate dropped to to 8.6 percent in June of 2022 from 10.3 percent in the same month last year, with the number of unemployed declining by 87 thousand to 504.0 thousand. Meanwhile, employment increased by 188 thousand from a year earlier to 5.33 million. Accordingly, the rate employment rose to 70.7 percent from 68.5 percent, while the labor force participation rate rose to 77.4 percent from 76.4 a year ago. Seasonally adjusted, the unemployment rate was at 7.6 percent in June. source: Statistics Sweden
Unemployment Rate in Sweden averaged 6.12 percent from 1980 until 2022, 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 2022.
Unemployment Rate in Sweden is expected to be 8.10 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 7.00 percent in 2023 and 6.80 percent in 2024, according to our econometric models.