Sweden Unemployment Rate

Unemployment Rate in Sweden increased to 8.60 percent in March of 2014 from 8.50 percent in February of 2014. Unemployment Rate in Sweden is reported by the Statistics Sweden. Unemployment Rate in Sweden averaged 5.79 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. 2014-04-23

Actual Previous Highest Lowest Forecast Dates Unit Frequency
8.60 8.50 10.50 1.30 7.30 | 2014/04 1980 - 2014 Percent Monthly

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Sweden Unemployment Rate
LIST BY COUNTRY


CALENDAR GMT Country Event Reference Actual Previous Consensus Forecast
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 8.6% 8.5% 8.5% 8.1%
2014-05-19 08:30 AM Sweden
Unemployment Rate
Apr 2014 8.6% 7.3%
2014-06-13 08:30 AM Sweden
Unemployment Rate
May 2014 7.3%
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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 8.60 2014-03-31 8.50 10.50 1.30 7.30 2014-04-30 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.


RELATED NEWS

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.
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US New Home Sales Fall Sharply in March  
Sales of new single-family houses dropped 14.5 percent in March of 2014 to their lowest level in eight months. Sales were recorded at a seasonally adjusted annual rate of 384,000, below the revised February rate of 449,000.
US Markit Manufacturing PMI Steady in April  
At 55.4 in April, the Markit Flash U.S. Manufacturing PMI was down fractionally from 55.5 in March, but still well above the neutral 50.0 value. Sharper rates of output and new business growth boosted the Manufacturing PMI during April, while the main negative influence on the headline index was a rise in the suppliers’ delivery times component.
Bank of Thailand Leaves Interest Rate Unchanged  
At its April 23rd, 2014 meeting, the Monetary Policy Committee left the benchmark interest rate on hold at 2.0 percent. Policymakers expect 2014 growth to be lower than previous assessed due to prolonged political unrest.
South Africa Inflation Rate Back to 6%  
South African annual consumer prices accelerated for the fourth straight month in March of 2014 to a six-month high 6 percent. On a monthly basis, prices advanced 1.3 percent, the fastest pace in five years.
Singapore Inflation Rate Edges Up in March  
Annual consumer prices rose 1.2 percent in March of 2014, up from a 0.4 percent increase in February, mainly due to a smaller fall in car prices. Contributions from all other major categories, except accommodation, were also slightly higher.
Australia Inflation Rate Accelerates Further in Q1  
Australian annual consumer prices advanced 2.9 percent in the first three months of 2014, up from 2.7 percent in the previous quarter, but below market forecasts. The rise was driven by seasonal increases in cost of healthcare, transport and school fees, and by a large hike in tobacco duties.
Mexico Unemployment Rate Up to 4.8% in March  
Mexican unadjusted jobless rate rose to 4.8 percent in March of 2014, up from 4.65 percent in February and 4.51 percent a year earlier. Upon seasonal adjustment, the unemployment rate rose to its highest in more than one year to 5.25 percent.
Hong Kong Unemployment Rate Unchanged in March  
Hong Kong’ seasonally adjusted jobless rate remained steady at 3.1 percent for the third consecutive period in January to March of 2014, down from 3.5 percent a year earlier.
Hong Kong Inflation Rate Unchanged in March  
Hong Kong annual consumer prices rose 3.9 percent in March of 2014, the same rate recorded in February. In the first quarter of 2014, the inflation rate rose by 4.2 percent over a year earlier. The corresponding increase after netting out the effects of all Government's one-off relief measures was 3.8 percent.
China Cuts Reserve Ratio for Rural Banks  
The People's Bank of China decided to cut the reserve requirement ratio by 2 percentage points for rural commercial banks and by 0.5 percentage point for rural credit cooperatives, aiming to stimulate growth in some parts of the country. The cut will be effective from April 25th, 2014.
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