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Business & Money

Unemployment hits 9.1 percent: report

Published: 20 Aug 09 15:22 CET | Double click on a word to get a translation
Online: http://www.thelocal.se/21584/20090820/

454,000 Swedes were registered as unemployed during the second quarter of 2009, new figures from Statistics Sweden (SCB) show.

The resulting unemployment figure was 9.1 percent, up 2.3 percentage points on the corresponding quarter of last year.

The new report however indicates that the number of employed persons who were on sick leave for at least one calendar week dropped by 17.6 percent to 93,000 people.

The figures indicate that 4,525,000 people were in employment during the quarter, a decline of 99,000 in comparison with the same period last year.

The number of permanently employed persons decreased during the second quarter of 2009 by 38,000. This is the first time since the fourth quarter of 2004 that the number of permanent employees has declined in comparison to the same quarter.

Men dominated the statistics of the newly unemployed.

The number of temporary employees also continued to fall - down 54,000 on the second quarter of 2008, continuing the downturn which began at start of 2008.

The quarterly reports from SCB's Labour Force Survey now feature a new theme section and this quarter compared unemployment statistics for young people aged 15-24 in Europe.

Unemployment among young people is a common problem across the continent and Sweden, at 29 percent, largely follows the same pattern as the other EU countries.

However Sweden does distinguish itself in that unemployment among young Swedish people in relation to unemployment among those aged 25-74 was the highest in the EU in 2008.

The report cites several possible explanations - differences in the way the labour market functions, demographics, the education system, the composition of the labour force and incentives for full-time students.

Peter Vinthagen Simpson (news@thelocal.se/+46 8 656 6518)

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18:07 August 20, 2009 by Greg in Canada
We're at 8.6% here in Canada, so we're fairly comparable. I think your youth unemployment seems much higher at 29% but it makes me wonder if you're including students, etc.
21:39 August 20, 2009 by skatty
I remember this subject has been reputedly in news during the last 20 years. By this comment I congratulate the persistence of this subject in Swedish news!
03:35 August 21, 2009 by lingonberrie
So, do those 99,000 newly unemployed Swedes have access to all of the benefits that are due them, or are those benefits now becoming rationed as a result of the give-aways to those who have been granted asylum and who do not work, or learn the language, or the customs, or the culture, and thus reducing the tax-base to a point of diminishing returns?
08:16 August 21, 2009 by si
That must put the unofficial rate up around 25%...
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