Sweden Unemployment Rate

The unemployment rate in Sweden increased to 7.9% in August 2024, up from 7.7% in the corresponding month of the previous year. The number of unemployed people rose by 9 thousand from the prior year to 453 thousand, while the number of employed persons declined by 8 thousand to 5.291 million. The employment rate edged down 0.2 percentage points to 69.6%, while the labor force participation was unchanged at 75.6%. The average number of total hours worked in July amounted to 131.7 million per week. Seasonally adjusted, the unemployment rate inched up to 8.4% from 8.3% in the previous month.