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Financial News: Sweden Jobless Rate Falls In December

Sweden Jobless Rate Falls In December

01/23/2020 - 06:38:00 (RTTNews)

(RTTNews) - Sweden's jobless rate decreased in December, figures from Statistics Sweden said on Thursday.

The unemployment rate fell to 6.0 percent in December from 6.8 percent in November. Economists had expected a rate of 6.6 percent. A similar lower rate of unemployment was seen in October.

The number of unemployed persons fell to 329,100 in December from 377,600 in the previous month.

The youth jobless rate, which is applied to the 15 to 24 age group, decreased to 16.3 percent in December from 17.9 percent in the prior month.

The employment rate fell to 68.0 percent in December from 68.3 percent in the preceding month.

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