Swedish unemployment drops in July
AFP/The Local · 26 Aug 2010, 12:05
Published: 26 Aug 2010 12:05 GMT+02:00
Some 415,000 people were out of work last month, the agency said, adding, "The number of unemployed persons and the unemployment rate have in recent months showed a downward trend which continued this month."
Last month's unemployment figure meanwhile marked "no statistically significant change" from the same month a year ago, the statistics agency said.
Adjusted for seasonal factors, the data showed that 8.5 percent of Sweden's
working-age population, or around 423,000 people, was out of work last month, which was stable from June.
In its latest forecasts published on Friday, Sweden's centre-right government lowered its unemployment estimate to 8.5 percent for all of 2010 and to 8 percent next year, with the anticipated increase in jobs spurred by larger-than-expected economic growth.
The new forecasts of a 4.5-percent rise in Swedish gross domestic product this year and a 4 percent hike in 2011 were published just a month ahead of Sweden's September 19th elections, with the ruling coalition hoping a strong economic recovery will help it win a second four-year term.
The country's economy, which was hard-hit by the global financial crisis but emerged from recession in the second quarter of 2009, is now considered one of the strongest in Europe.