Sweden’s unemployment rate dropped to 6.6 percent in August of 2022 from 8.5 percent in the same month last year, with the number of unemployed declining by 106 thousand to 373.0 thousand. Meanwhile, employment increased by 178 thousand from a year earlier to 5.30 million. Accordingly, the rate of employment rose to 70.2 percent from 68.2 percent, while the labor force participation rate was up to 75.2 percent from 74.5 a year ago. Seasonally adjusted, the unemployment rate was at 7.2 percent in August. 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 September 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.

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Sweden Unemployment Rate



Calendar GMT Actual Previous Consensus TEForecast
2022-08-26 06:00 AM Jul 6.4% 8.6% 8.7%
2022-09-21 06:00 AM Aug 6.6% 6.4% 6.2%
2022-10-20 06:00 AM Sep 6.6%


Related Last Previous Unit Reference
Unemployment Rate 6.60 6.40 percent Aug 2022
Unemployed Persons 373.00 373.00 Thousand Aug 2022
Employed Persons 5302.00 5405.00 Thousand Aug 2022
Labour Costs 148.90 148.90 points Jun 2022
Wages 188.10 187.30 SEK/Hour Jun 2022
Wages in Manufacturing 201.70 200.90 SEK/Hour Jun 2022
Labor Force Participation Rate 75.20 76.70 percent Aug 2022
Employment Rate 70.20 71.70 percent Aug 2022

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.
Actual Previous Highest Lowest Dates Unit Frequency
6.60 6.40 10.50 1.30 1980 - 2022 percent Monthly
NSA

News Stream
Swedish Jobless Rate Down to 6.6% in August
Sweden’s unemployment rate dropped to 6.6 percent in August of 2022 from 8.5 percent in the same month last year, with the number of unemployed declining by 106 thousand to 373.0 thousand. Meanwhile, employment increased by 178 thousand from a year earlier to 5.30 million. Accordingly, the rate of employment rose to 70.2 percent from 68.2 percent, while the labor force participation rate was up to 75.2 percent from 74.5 a year ago. Seasonally adjusted, the unemployment rate was at 7.2 percent in August.
2022-09-21
Swedish Jobless Rate Down to 6.4% in July
Sweden’s unemployment rate dropped to 6.4 percent in July of 2022 from 8.0 percent in the same month last year, with the number of unemployed declining by 82 thousand to 373.0 thousand. Meanwhile, employment increased by 147 thousand from a year earlier to 5.40 million. Accordingly, the rate employment rose to 71.7 percent from 70.1 percent, while the labor force participation rate edged up to 76.7 percent from 76.2 a year ago. Seasonally adjusted, the unemployment rate was at 7.4 percent in July.
2022-08-26
Swedish Jobless Rate Down to 8.6% in June
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.
2022-07-29