Sweden's unemployment rate edged down to 8.2 percent in September of 2021, from 8.3 percent in the same month last year, amid the ongoing recovery from the pandemic-induced crisis. The latest figures also reflect the adoption of the new EU framework regulation on social statistics in January this year and changes to the definition of the employed population. The number of unemployed went up by one thousand persons from a year earlier to 454 thousand, while employment rose by 60 thousand to 5.096 million. The labor force participation rate increased by one percentage point to 73.8%. On a seasonally adjusted basis, the unemployment rate was unchanged at 8.8% in September from 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 October 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.