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Sweden — Lower rate of increase in the number of unemployed

28 April 2010

According to original data, published today by Statistics Sweden (SCB), 448,000 persons aged 15 to 74 were unemployed in March 2010. This is an increase of +44,000 compared to March 2009. The number of unemployed men increased by +29,000, while for women the change was not statistically significant.

Of the unemployed, 34% or 152,000 were full-time students. Among persons aged 15 to 24, 165,000 were unemployed and six out of ten of them, or 98,000, were full-time students. One third of the unemployed aged 15 to 74, or 150,000 people, were long-term unemployed.


The unemployment rate was 9.1% in March 2010. This is an increase of +0.8 percentage points compared to March 2009. Among men, the unemployment rate was 9.5% and among women it was 8.8%. This is an increase of +1.0 percentage points among men compared to March 2009, for women the change was not statistically significant.

Seasonally adjusted data shows a different picture. The number of employed persons aged 15 to 74 was 4,514,000 in March 2010. Similar to the trends observed in February, the number of employed shows a slight increase. However, there are differences between the sexes. The number of employed men shows an increase while the number of employed women continues to decrease at a slower pace.

The employment rate in March 2010 was 64.4%, which means that the previous decline has levelled off. Again, there is difference between the sexes. For men the trend is slightly positive, while for women it is still slightly negative.

The number of unemployed persons aged 15 to 74 was 431,000 and the corresponding unemployment rate was 8.7%, according to seasonally adjusted data. Both the number of unemployed persons and the unemployment rate continue to increase, albeit at a slower rate. The development of unemployment differs between the sexes. For men, it seems to have been a break in the trend - the increase in the number of unemployed and the unemployment rate has remained unchanged. For women though, the growth in unemployment continues.

The number of persons in the labour force was 4,946,000 according to seasonally adjusted data and shows a positive trend for both sexes. According to seasonally adjusted data the labour force rate, that is the labour force share of the population, amounted to 70.6%.

To read the full statistics in Swedish language please click here

 

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