Sweden Unemployment Rate

Unemployment Rate in Sweden decreased to 8.50 percent in February of 2014 from 8.60 percent in January of 2014. Unemployment Rate in Sweden is reported by the Statistics Sweden. Unemployment Rate in Sweden averaged 5.78 Percent from 1980 until 2014, 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. In Sweden, the unemployment rate measures the number of people actively looking for a job as a percentage of the labour force. This page provides - Sweden Unemployment Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. 2014-04-19

Actual Previous Highest Lowest Forecast Dates Unit Frequency
8.50 8.60 10.50 1.30 8.10 | 2014/03 1980 - 2014 Percent Monthly


Sweden Unemployment Rate

CALENDAR GMT Country Event Reference Actual Previous Consensus Forecast
2013-12-12 08:30 AM Sweden
Unemployment Rate
Nov 2013 7.5% 7.3% 7.3% 7.3%
2014-01-23 08:30 AM Sweden
Unemployment Rate
Dec 2013 7.5% 7.5% 7.5% 7.4%
2014-02-13 08:30 AM Sweden
Unemployment Rate
Jan 2014 8.6% 7.5% 7.4%
2014-03-13 08:30 AM Sweden
Unemployment Rate
Feb 2014 8.5% 8.6% 8.4% 7.4%
2014-04-22 08:30 AM Sweden
Unemployment Rate
Mar 2014 8.5% 8.1%
2014-05-19 08:30 AM Sweden
Unemployment Rate
Apr 2014 7.3%

Labour Last Previous Highest Lowest Forecast Unit
Population 9.65 2013-12-31 9.48 9.65 7.48 9.73 2014-06-30 Million [+]
Employed Persons 4726.60 2014-02-15 4718.70 4747.80 4292.60 4718.43 2014-03-31 Thousand [+]
Job Vacancies 801.00 2014-03-15 907.00 919.00 51.00 768.19 2014-03-31 Hundred [+]
Labour Costs 114.80 2013-12-15 114.50 114.80 100.00 114.76 2014-01-31 Index Points [+]
Long Term Unemployment Rate 1.30 2013-09-30 1.50 3.30 0.30 1.49 2013-12-31 percent [+]
Retirement Age Men 65.00 2013-01-01 65.00 65.00 65.00 65.00 2013-12-31 [+]
Retirement Age Women 65.00 2013-01-01 65.00 65.00 65.00 65.00 2013-12-31 [+]
Unemployed Persons 433.00 2014-02-15 436.00 503.00 243.00 448.53 2014-03-31 [+]
Wages 157.40 2013-12-15 155.50 157.40 133.60 156.13 2014-01-31 SEK [+]
Wages in Manufacturing 166.30 2013-12-15 164.00 166.30 139.70 164.97 2014-01-31 SEK [+]
Youth Unemployment Rate 23.60 2014-02-15 22.90 27.80 2.90 22.58 2014-03-31 Percent [+]
Unemployment Rate 8.50 2014-02-28 8.60 10.50 1.30 8.10 2014-03-31 Percent [+]

Unemployment Rate | Notes
The unemployment rate can be defined as the number of people actively looking for a job divided by the labour force. Changes in unemployment depend mostly on inflows made up of non-employed people starting to look for jobs, of employed people who lose their jobs and look for new ones and of people who stop looking for employment.


Swedish Central Bank Holds Rates  
At its April 9th, 2014 meeting, the Executive Board of the Riksbank decided to leave the repo rate unchanged at 0.75 percent. Although the repo rate is expected to remain at this low level for around a year, the central bank said it now saw a greater possibility that it may need to cut rates in the near-term as inflation remains weak.
Swedish Trade Surplus Narrows 7% YoY  
In February of 2014, Sweden’s trade surplus narrowed slightly to SEK 5.0 billion, compared to a revised SEK 5.1 billion the month before and SEK 5.4 billion a year earlier
Sweden GDP Growth Accelerates in Q4  
In the last three months of 2013, Swedish GDP advanced 1.7 percent on a quarter-on-quarter seasonally adjusted basis, up from a revised 0.5 percent in the previous quarter and better than market expectations. The economy advanced 1.5 percent in 2013 compared to the previous year.
Swedish Trade Surplus Widened in January  
In January of 2014, Sweden’s trade surplus increased to SEK 5.8 billion up by SEK 1.1 billion from last year’s figure and by a revised SEK 5.3 billion in December of 2013.
Swedish Monetary Policy Unchanged in February  
At its February 13th, 2014 meeting, the Executive Board of the Riksbank has decided to leave the repo rate on hold at 0.75 percent, after last meeting’s cut. The Bank said that the prospects for 2014 are good, economic activity is strengthening and the labour market is improving, but inflation is expected to be low over the coming yea, thus no rate hikes are expected until the beginning of 2015.
Swedish Trade Surplus Narrows in December  
In December of 2013, Sweden's trade surplus fell to SEK 1.4 billion, compared to an upwardly revised SEK 4.9 billion a month earlier, but widened from SEK 300 million last year. For the whole 2013, the trade surplus decreased for the second consecutive year to SEK 59.4 billion.
Swedish Central Bank Lowers Repo Rate to 0.75%  
In its December 17th meeting, the Executive Board of the Riksbank has decided to cut the repo rate by 0.25 percentage points to 0.75 percent. The Board cited low inflation to cut the rate to its lowest level since September of 2010.
Swedish Economy Advances 0.1% QoQ in Q3  
In the third quarter of 2013, Sweden's GDP expanded by a seasonally adjusted 0.1 percent quarter-on-quarter, recovering from a 0.1 percent drop in the previous three-month period.
Sweden Trade Surplus Narrowed in October  
In October of 20103, Swedish trade surplus narrowed to SEK 4.4 billion, down from SEK 7.1 billion in October of 2012. Both exports and imports were down on the year, but exports decreased at a faster pace.
Swedish Trade Surplus Narrows in September  
In September, Sweden’s trade surplus decreased to SEK 5.6 billion from SEK 6.4 billion in September of 2012.The value of exports decreased by 3 percent, while the imports shrank by 2 percent.


Chile Leaves Monetary Policy Unchanged  
At its April 17th, 2014 meeting, Central Bank of Chile left the benchmark interest rate on hold at 4 percent, following last month's cut, citing low output and demand, but hinted possible future rate cuts, depending on domestic and external conditions.
Russia Unemployment Drops in March  
Russian jobless rate fell for the first time in four months to 5.4 percent, after remaining stable at 5.6 percent in the previous two months.
Canada Inflation Rises Above Forecasts in March  
The annual consumer prices in Canada accelerated to 1.5 percent in March of 2014 following a 1.1 increase in the previous month, as energy prices surged.
US Jobless Claims Rise Slightly  
In the week ending April 12, the advance figure for seasonally adjusted initial claims was 304,000, an increase of 2,000 from the previous week's revised level. The previous week's level was revised up by 2,000 from 300,000 to 302,000. There were no special factors impacting this week's initial claims.
Brazil Unemployment Rate Down to 5%  
In March of 2014, Brazil’s jobless rate fell by 0.1 percentage point to 5 percent, below market forecasts. A year earlier, unemployment reached 5.7 percent.
Dutch Unemployment Rate Falls for the First Time in 2014  
In March of 2014, Netherlands’ seasonally adjusted jobless rate fell to 8.7 percent from 8.8 percent in the previous month and 8.1 percent a year earlier, as more people left permanently the labor market rather than found jobs.
Singaporean Trade Surplus Narrows Sharply in March  
The trade surplus decreased 51.1 percent in March of 2014 over a year earlier and 47.2 percent from February to SGD 2.3 billion. Imports rose at a faster pace than exports, as sales of pharmaceuticals and electronics fell, while shipments of petrochemicals and re-exports contributed to overall increase.
Mozambique Leaves Lending Rate Steady at 8.25%  
At its April 16th, 2014 meeting, Bank of Mozambique left its benchmark interest rate unchanged at 8.25 percent for the sixth consecutive meeting, saying this was consistent with meeting domestic economic targets for 2014.
Spanish Trade Deficit Narrows to 4-Month Low  
In February of 2014, Spanish trade gap decreased to € 1.62 billion, down from € 2.82 billion in the previous month. Compared with the same month a year earlier, the trade deficit widened 37 percent.
Angolan Inflation Rate Down To 7.32% in March  
The annual consumer prices in Angola decelerated for the second consecutive month to 7.32 percent in March of 2014, from 7.48 percent recorded in February of 2014.

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