March 15, 2010
Youth unemployment doubles in Sweden
Published: 14 Aug 09 11:41 CET
Online: http://www.thelocal.se/21470/20090814/
Dictionary tool Double click on a word to get a translation
Unemployment in Sweden amounted to 251,000 in July, with a further 4,400 served notice.
- Rapid rise in unemployment claims (4 Aug 09)
- 250,000 Swedes out of work: agency (3 Aug 09)
- Swedish jobless rate continues to climb (10 Jul 09)
The number of redundancy notices has declined since March and the fall in vacancies registered at employment agencies has eased off, according to new figures for July from the Swedish Public Employment Service (Arbetsförmedlingen).
Among those aged 18-24 unemployment amounted to 56,000 people - almost double the figure from the corresponding month of last year.
For those aged 25-34 the figures were almost as dramatic with an additional 31,000 added to the ranks of the unemployed over the year, with the figure now standing at 68,000.
Those in work under labour market support programmes also increased, especially amongst the young. In July 3.2 percent of the workforce, 115,000 people, were engaged in such programmes. Among the younger age group participation has trebled.
The number of newly registered unemployed increased by 33,000 in July, up 10,000 on July 2008. 13,000 of those were aged 18-25.
What do you think? Leave your comment below.
Fark It!
Digg This
Facebook
Share everywhere
Send to a friend
Printable version
Twitter ThisVattenfall sells German power grid
Swedish energy firm Vattenfall announced the sale on Friday of its German power grid to Belgium's Elia and Australian investment fund IFM for $1.1 billion. READ (1 COMMENT) »
Bildt: Icesave deal key to Iceland IMF money
Sweden's Carl Bildt joined a chorus of Nordic foreign ministers on Thursday calling on Iceland to reach a banking payback deal with Britain and The Netherlands, warning that IMF aid money depended on it. READ (13 COMMENTS) »
Inflation rate doubles in February
The inflation rate doubled in February to 1.2 percent on January's figure as household mortgage interest payments no longer had a dampening effect, a new report from Statistics Sweden shows. READ (1 COMMENT) »
Two Swedes named on world rich list
Two Swedes have been named among the richest people in the world, according to the latest Forbes ranking which places Mexican telecom magnate Carlos Slim at the top of the pile. READ (22 COMMENTS) »
Geely secures Volvo purchase finance
Chinese car maker Zheijiang Geely Holding Group is a step closer to becoming the new owner of Swedish firm Volvo Cars after announcing that it had secured the 15 billion kronor ($2.1 billion) in financing. READ (9 COMMENTS) »
Voddler signs deal with Warner Bros.
Swedish internet movie service Voddler has signed a contract with the US film giant Warner Bros. Entertainment. The deal covers film material from Warner Bros and New Line Cinema. READ (4 COMMENTS) »
Borg: No cash for euro currency fund
Sweden's Finance Minister Anders Borg has lent his support to a German initiative to create a European currency fund to support euro countries with budget problems, but said that Sweden would not be contributing finance. READ (3 COMMENTS) »
Reinfeldt: 'Iceland must honour its commitments'
Sweden's Prime Minister Fredrik Reinfeldt has reminded crisis-stricken Iceland that the Swedish portion of a large Nordic country loan is conditional on Reykjavik concluding a compensation deal for the Icesave bank collapse. READ (24 COMMENTS) »
Svanberg claims millions in holiday pay out
Carl-Henric Svanberg, the former CEO of Swedish telecom firm Ericsson, has been paid 6.8 million kronor ($960,000) for accrued holiday that he was unable to take. READ (6 COMMENTS) »
Bankruptcies continue to decline
The number of business failures in Sweden declined in February by 21 percent, continuing the positive trend of the last few months, a new report shows. READ (1 COMMENT) »
- 05/03 Stockholm institute honours Michael J Fox (6 comments) »
- 04/03 Saab's Russian backer seeks clean slate (5 comments) »
- 04/03 Riksbank chief calls for new financial framework »
- 03/03 '51 years to shared parental leave': report (7 comments) »
- 03/03 Debt office forecasts boost to state coffers »
- 02/03 'SAS looking for a buyer': CEO (12 comments) »
- 02/03 Krona hits 14-year high against pound (8 comments) »
- 01/03 Sweden's GDP growth at post-war low (11 comments) »
- 01/03 'Sweden is a tax paradise': Ikea adviser (9 comments) »
- 26/02 Public bodies to accept thousands of interns (5 comments) »
Ryanair – when the going gets tough, will the tough get going? »
"Like all empires, Ryanair's will come to an end, but like a old punch drunk prize-fighter, will they see the upper cut before it is too late?" READ »
- 05/2 16:37 Stockholm garbage collectors – an overpaid relic of a bygone age?There is a school of economic thought that opposes the CBA because it creates an insider-outsider workforce, raising wages for those with an over-protected job and levels of unemployment for those without. It is just one side of the argument and there are strong ones available to counter it, but a clearer example of the validity of this thesis is surely hard to find. READ »
- 27/1 11:02 Saab’s last chance saloonI sincerely hope that Spyker/Saab can prove the army of doubters wrong and become a winning combination. But if not then at least the interim period can be used to ensure that the Swedish automotive industry can prepare for life after if this newest dawn proves fleeting. READ »
| 14/03 | R&D Group Manager Electronics Design ESAB AB ESAB AB |
Göteborg |
| 14/03 | R&D Group Manager Mechanical Design ESAB AB ESAB AB |
Göteborg |
| 14/03 | R&D Group Manager Test & Verification ESAB AB ESAB AB |
Göteborg |
| 13/03 | Java Developer Outpost 24 AB |
Karlskrona |
| 13/03 | Sr. Software Developer Outpost 24 AB |
Karlskrona |
| 13/03 | Software Developer Outpost 24 AB |
Karlskrona |
| 12/03 | ACCOUNTANT (M/F) Page Personnel |
Stockholm |
| 12/03 | Clinical Contracts Associate (CCA) People Impact i Sverige AB |
Malmö |
| 12/03 | Financial Director Neopost Sverige AB |
Solna |
| 12/03 | HR Coordinator - Recruitment/Student Relations Axis Communications AB |
Lund |
- 14/03 Toyota recall action seen torpedoing sales »
- 12/03 Vattenfall sells German power grid to Australian fund »
- 12/03 VW to jump-start Chinese electric car market »
- 12/03 Top exec salaries remain high despite crisis »
- 11/03 Flashy Audi roars past other VW brands »
- 11/03 Aldi founder Albrecht remains richest German »
- 11/03 Public debt swells »
- 11/03 BMW optimistic despite dip in 2009 profits »
- 10/03 Rösler threatens pharma industry with drug discounts »
- 10/03 Economists dismiss European IMF idea »
- 00:26 Moving back to Blighty ...
- 00:19 The Frozen Sea...
- 23:21 1 Billionth Scale Ion Model Of Enterprise-D
- 23:12 Veteran Football in Gothenburg
- 22:30 Britain recognises Swedish genocide
- 22:25 Looking to buy a bed and sofa
- 20:44 The Viking burial in England.
- 20:08 Expiring passport - worried about travel in the EU
- 19:17 Contemporary view of Sweden
- 18:03 KTH school shooting threat
Visit Stockholm's beautiful archipelago. Great boat tours for all preferences.
MORE INFORMATION
Therapy in English
David Schultz PsyD
Individuals & couples
In Stockholm in person or by phone or video conferencing
www.anxiousorblue.se
Kick-off the new football season with LFC, Stockholm's premier English-speaking football club.
MORE INFO
The Local seeks a digital advertising specialist to administer advertising operations for our network of sites
FULL JOB DETAILS
Beth Rogerson PhD - Clinical, Marriage & Family Therapist
Click or call 08-5580 1266 now
The Local is seeking a talented media sales professional to drive our online advertising sales
FULL JOB DETAILS
Then you'll find The Local's new Stockholm Section useful. Find pics, guides, news and lots of useful information about Stockholm.
www.thelocal.se/stockholm
Find products and services that are specifically focused on English speakers living in Sweden!
FULL DETAILS
A perfect location both for business and pleasure. Centrally located, with atmosphere.
www.adlon.se
Your comments about this article:
The comments below have not been moderated in advance and are not produced by The Local unless clearly stated. Readers are responsible for the content of their own comments. Comments that breach our terms and conditions will be removed.