Financial News: Sweden's Jobless Rate Climbs To 8.2%, Highest In

Sweden's Jobless Rate Climbs To 8.2%, Highest In 8 Months

03/17/2023 - 03:40:00 (RTTNews)

(RTTNews) - The Swedish unemployment rate increased further in February to the highest level in eight months, figures from Statistics Sweden showed on Friday.

The unadjusted jobless rate rose to 8.2 percent in February from 7.6 percent in the previous month.

In the same month last year, the unemployment rate was 7.9 percent.

The number of unemployed persons increased to 459,000 in February from 422,000 in January.

Young people between the ages of 15 and 24 accounted for 170,000 unemployed, or 26.4 percent of the workforce, the agency said.

At the same time, the employment rate rose marginally to 68.2 percent from 68.1 percent, representing 5.17 million employed people.

On a seasonally adjusted basis, the jobless rate was 7.6 percent in February, up from 7.3 percent in the prior month.

For comments and feedback: contact editorial@rttnews.com

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS

Germany Producer Price Inflation Eases To 15.8%, Lowest Since Sep 2021 (01 hr(s), 39 min(s), 18 sec(s) ago)
(RTTNews) - Germany's producer price inflation eased for the fifth straight month in February ...Full Story»

Malaysia Trade Surplus Shrinks To MYR 19.56 Bln (03 hr(s), 06 min(s), 18 sec(s) ago)
(RTTNews) - Malaysia's trade surplus decreased slightly in February, as imports grew faster th ...Full Story»

European Economic News Preview: Eurozone Foreign Trade Data Due (03 hr(s), 46 min(s), 18 sec(s) ago)
(RTTNews) - Foreign trade from the euro area and producer prices from Germany are the top economic ...Full Story»

China Retains Benchmark Lending Rates As Expected (04 hr(s), 05 min(s), 18 sec(s) ago)
(RTTNews) - China retained its benchmark lending rates for the seventh straight month on Monday af ...Full Story»

China Loan Prime Rate Due On Monday (08 min(s), 42 sec(s) ago)
(RTTNews) - The People's Bank of China will announce its latest loan prime rate numbers, highl ...Full Story»

U.S. Consumer Sentiment Unexpectedly Drops In March, Inflation Expectations Dip (49 min(s), 42 sec(s) ago)
(RTTNews) - Consumer sentiment in the U.S. fell for the first time in four months in March, accord ...Full Story»

Russia Central Bank Keeps Key Rate Unchanged At 7.50% (43 min(s), 42 sec(s) ago)
(RTTNews) - Russia's central bank decided to keep its key interest rate unchanged for the four ...Full Story»

U.S. Leading Economic Index Falls For Eleventh Straight Month In February (35 min(s), 42 sec(s) ago)
(RTTNews) - The Conference Board released a report on Friday showing its reading on leading U.S. e ...Full Story»