Long Term Unemployment Rate in Sweden increased to 1 percent in the fourth quarter of 2019 from 0.80 percent in the third quarter of 2019.

Long Term Unemployment Rate in Sweden averaged 1.48 percent from 1992 until 2019, reaching an all time high of 3.50 percent in the second quarter of 1997 and a record low of 0.30 percent in the first quarter of 1992. This page provides - Sweden Long Term Unemployment Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Sweden Long Term Unemployment Rate - values, historical data and charts - was last updated on June of 2020. source: Eurostat

Long Term Unemployment Rate in Sweden is expected to be 0.80 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Long Term Unemployment Rate in Sweden to stand at 0.30 in 12 months time. In the long-term, the Sweden Long Term Unemployment Rate is projected to trend around 0.30 percent in 2021 and -1.00 percent in 2022, according to our econometric models.

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Sweden Long Term Unemployment Rate

Actual Previous Highest Lowest Dates Unit Frequency
1.00 0.80 3.50 0.30 1992 - 2019 percent Quarterly

Sweden Labour Last Previous Highest Lowest Unit
Unemployment Rate 8.20 7.10 10.50 1.30 percent [+]
Employed Persons 5005.00 5055.00 5271.00 4236.00 Thousand [+]
Unemployed Persons 449.00 389.00 503.00 243.00 Thousand [+]
Long Term Unemployment Rate 1.00 0.80 3.50 0.30 percent [+]
Youth Unemployment Rate 25.00 19.50 27.80 2.90 percent [+]
Labour Costs 133.80 138.10 138.10 100.00 points [+]
Job Vacancies 904.00 1361.00 1520.00 51.00 Hundred [+]
Wages 176.50 176.90 178.30 133.60 SEK/Hour [+]
Wages in Manufacturing 187.70 188.70 191.20 139.70 SEK/Hour [+]
Population 10.23 10.12 10.23 7.47 Million [+]
Retirement Age Women 62.00 61.00 62.00 61.00 [+]
Retirement Age Men 62.00 61.00 62.00 61.00 [+]
Labor Force Participation Rate 72.40 72.30 75.30 69.20 percent [+]
Productivity 103.50 103.00 103.50 65.30 points [+]
Part Time Employment 1150.70 1086.90 1177.30 824.30 Thousand [+]
Full Time Employment 3776.00 3916.70 3916.70 2896.00 Thousand [+]
Employment Change 0.30 0.20 1.10 -1.00 percent [+]
Employment Rate 66.40 67.10 70.80 62.60 percent [+]
Wage Growth 2.50 2.60 7.10 1.90 percent [+]


Sweden Long Term Unemployment Rate
In Sweden, the long term unemployment rate refers to the share of unemployed persons since 12 months or more in the total number of active persons (those who are either employed or unemployed) in the labour market.