Unemployment in Sweden

Sweden Unemployment | Economic News & Forecasts

Sweden - Unemployment

The economy seems to have lost further traction in the second quarter. The economic tendency indicator, which incorporates business and consumer confidence, fell to a near six-year low in June. Throughout Q2, the indicator also averaged well below Q1’s level, as did both the PMI readings for the manufacturing and services sectors. This bodes poorly for private consumption and investment in the quarter. Nevertheless, the unemployment rate held steady in May for the third month running and remained just a notch above January’s decade-low rate. Moreover, on the external front, nominal merchandise exports grew strongly in April?May. Elsewhere, in good news for the public purse, the 10-year government bond yield has been lingering at multi-decade lows in recent days, even temporarily dropping into negative territory in early July.

Sweden - Unemployment Data

2013  2014  2015  2016  2017  
Unemployment Rate8.0  7.9  7.4  6.9  6.7  

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Sweden Unemployment Chart

Sweden Unemployment
Note: Unemployment in % of active population.
Source: Statistics Sweden.

Sweden Facts

Bond Yield-0.13-4.79 %Jul 31
Exchange Rate9.65-0.20 %Jul 31
Stock Market1,6000.14 %Jul 31

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