Sweden Unemployment Rate  Forecast 2016-2020

Unemployment Rate in Sweden is expected to be 6.80 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Unemployment Rate in Sweden to stand at 6.30 in 12 months time. In the long-term, the Sweden Unemployment Rate is projected to trend around 5.80 percent in 2020, according to our econometric models.

Sweden Unemployment Rate
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Forecast Actual Q1/17 Q2/17 Q3/17 Q4/17 2020 Unit
Unemployment Rate 7.4 6.8 6.7 6.2 6.3 5.8 percent
Sweden Unemployment Rate Forecasts are projected using an autoregressive integrated moving average (ARIMA) model calibrated using our analysts expectations. We model the past behaviour of Sweden Unemployment Rate using vast amounts of historical data and we adjust the coefficients of the econometric model by taking into account our analysts assessments and future expectations. The forecast for - Sweden Unemployment Rate - was last predicted on Wednesday, March 29, 2017.
Sweden Labour Last Q1/17 Q2/17 Q3/17 Q4/17 2020
Unemployment Rate 7.4 6.8 6.7 6.2 6.3 5.8
Employed Persons 4993 4980 5008 5028 5044 5105
Unemployed Persons 392 385 375 370 371 371
Long Term Unemployment Rate 1.2 1.18 1.13 1.09 1.09 0.99
Youth Unemployment Rate 18.5 18.65 18.46 18.38 18.35 18.25
Labour Costs 126 127 127 128 129 138
Job Vacancies 1354 1250 880 846 1059 978
Wages 167 166 166 166 166 166
Wages in Manufacturing 176 175 175 175 175 175
Population 9.85 9.74 9.77 9.8 9.83 10.12
Retirement Age Women 65 65 65 65 65 65
Retirement Age Men 65 65 65 65 65 65
Employment Change -0.3 -0.24 -0.26 -0.07 -0.03 0.14
Employment Rate 66.2 66.06 65.96 65.9 65.88 65.86
Full Time Employment 3606 3558 3658 3742 3647 3687
Productivity 106 103 104 114 107 108
Wages Low Skilled 20600 21533 21533 21533 21533 21533
Wages High Skilled 33900 35408 33405 33932 33512 35285
Part Time Employment 1134 1129 1134 1107 1132 1127
Labor Force Participation Rate 64.4 64.67 65.76 65.37 64.47 64.64
Living Wage Family 12691 14117 14020 14026 14026 14026
Living Wage Individual 11046 11593 11394 11467 11440 11447