Unemployment rate rising in Sweden

Sweden’s economy remains strong, but unemployment has risen for a fourth month in a row. (iStock)
Unemployment is going up faster now, and for the first time in over a year, the long-term unemployment is also increasing.

New figures from the Public Employment Agency show that although Sweden’s economy is still strong, there are signs of it cooling off.

The unemployment rate started rising this summer, and has now done so for four months in a row. All in all, there are 358,000 people who have registered as unemployed at the employment agency, which means 7.1 percent of the labour force are now without work.

Four out of ten of those registered as unemployed have been so for over a year, and they are a couple of thousand more than in 2018.

Related stories from around the North:

Canada: Northern hiring targets up to 75% for all-season road project in Canada’s Northwest Territories, CBC News

Finland: Job growth to slow down, Finland’s labour ministry predicts, Yle News

Russia: Would closing a nickel plant spell doom for the town of Nikel, Arctic Russia?, The Independent Barents Observer

Sweden: Sweden’s labour union hopes for job market reform under new employment minister, Radio Sweden

Anders Jelmin, Radio Sweden

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