2024-08-23 09:02:32
“In July, long-term unemployment rose by 45,000 people compared to July last year,” Statistics Sweden Louise Stener said in a statement.
The agency said The Swedish economy is in “clear recession” according to all indicators, and the unemployment figures are also showing that.
The number of people aged 15-74 who are in work is 5,444,000 people, not seasonally adjusted – that is a decrease of 80,000 compared to July last year, but not all those people are classified as long-term unemployed (unemployed for at least 27 weeks).
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Long-term unemployment is 164,000 people, with large differences when broken down by age and gender.
There are 71,000 women and 93,000 men in long-term unemployment, and 149,000 young people (aged 15-24). Youth unemployment hit 17.7 percent, which is an increase of 6.5 percentage points. This data is not updated or adjusted over time.
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The unemployment rate for 15-74-year-olds according to cut and seasonally adjusted data stands at 8.3 percent — that’s the highest unemployment rate in a decade, including the pandemic. Youth unemployment is even higher, at 24.4 percent.
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