The rate of unemployment in Sweden was reported at 8.7% in May, up from 7.9% in the same month of the preceding year.The number of unemployed persons went up by 41,000 from May 2023 to 496,000, data b
Sweden’s unemployment rate at 8.7% in May
The rate of unemployment in Sweden was reported at 8.7% in May, up from 7.9% in the same month of the preceding year.
The number of unemployed persons went up by 41,000 from May 2023 to 496,000, data by Statistics Sweden showed on Wednesday.
In the meantime, the number of employed individuals dropped by 112,000 to 5.187 million in May.
Sweden’s employment rate was reported at 68.3%, while the labor force participation rate decreased by 0.9% to 74.9% in May.
In seasonally adjusted terms, the jobless rate stood at 8.4% in May.
The Swedish Krona was little changed on the day against the Euro, with the EUR/SEK currency pair last trading at 11.2055.
Best Exchanges
Open a Demo Account and Hone Your Trading Skills
A World-Class Trading Experience
Low Spreads. Safe Trades.Trade confidently with FBS: superior conditions and exceptional security standards.
Manchester United's Official Online Financial Trading Platform Partner
One of the best brokers for low spreads, trading conditions and execution
Get VIP treatment with ZERO spreads (for 90%+ of the trading day) + low commission (max 3.5 USD per lot per side) MT4/MT5
Brokers News
