250,000 Swedes out of work: agency
More than a quarter of a million Swedes are now officially registered as unemployed, an increase of more than 100,000 people from last year, according to the country’s National Employment Agency.
Published: 03 Aug 2009 15:02 CET
More than a quarter of a million Swedes are now officially registered as unemployed, according to fresh figures from with the country’s National Employment Agency (Arbetsförmedlingen).
The figure represents an increase of more than 100,000, or roughly two-thirds, since last year.
Preliminary statistics through the last week of July 2009 show that 250,916 people are registered as jobless with the agency, an increase of 106,187 people from the same week last year.
While the figures are in line with several forecasts, the employment agency is gearing up for an expected wave of additional job losses this autumn as previously announced redundancies begin to take effect.
"It's going to be tough, but we're ready," the Arbetsförmedlingen assistant director general Lena Liljebäck told the Dagens Nyheter (DN) newspaper.
She added that the agency plans to have 30,000 job coaches in place to help job seekers find employment.
In addition, 4,412 people were given redundancy notices in Sweden in July, nearly twice as many as the 2,398 given notice in July 2008.
However, the number of announced job losses reported in July is a more than 50 percent drop from the 9,997 people who were served noticed in June, according to the employment agency’s statistics.
The number of people on supported employment amounted to 73,613, an increase of 11,118 compared to the same week last year.
There were also 114,977 people participating in employment support programmes, which represented an increase of 50,545 compared to the corresponding week in 2008.
Last week, 3,833 new jobs were advertised with the agency, an increase of 615 from the previous week and 2,729 fewer than the corresponding week a year ago.
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Someone has still to convince me that decreasing the taxes is the way to attract more business opportunities to Sweden. Is there anybody really convinced that we can compete with eastern countries in terms of labor cost? where is the evidence that earning some more money (due to lower taxes) means spending more and therefore supporting internal economy, for a country so small as Sweden? how can you be sure that lower taxes, means higher margins for companies, will not lead to increased investments in emerging markets instead of to Sweden?
This government should utilize all the scientific means and resources to solve the problem of unemployment and inturn our economy.
@ conboy: 100% agree with you.