Bloomberg "Anywhere" Remote Login Bloomberg "Terminal" Request a Demo

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Swedish Unemployment Unchanged in April as Jobs Decline

May 21 (Bloomberg) -- Swedish unemployment stayed unchanged last month as companies have cut jobs to cope with a strengthening krona and faltering demand from the recession-burdened euro area.

Seasonally adjusted unemployment was unchanged at 8.4 percent from the previous month, Stockholm-based Statistics Sweden said today. The rate was predicted to fall to 8.3 percent, according to the median estimate of nine economists surveyed by Bloomberg. The non-seasonally adjusted rate fell to 8.7 percent from 8.8 percent.

Sweden’s government should continue to “inject energy” into the Swedish economy next year and probably also in 2015 to fight unemployment caused by faltering demand from Europe, Finance Minister Anders Borg said last week. The central bank last month delayed the timing of a planned rate increase, citing a strengthening currency and an inability by companies to raise prices.

Sweden sells about half of its output abroad, of which about 70 percent goes to Europe. Ericsson AB, the world’s largest maker of mobile phone networks, and truck maker Volvo AB, are among exporters who have announced they will cut jobs.

The number of employed, seasonally adjusted, fell to 4.683 million from 4.690 million in March.

To contact the reporter on this story: Johan Carlstrom in Stockholm at jcarlstrom@bloomberg.net.

To contact the editor responsible for this story: Jonas Bergman in Oslo at jbergman@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.