Unemployment Rises in Sweden, Finland as Uncertainty Weighs

The jobless rate jumped last month in Sweden and Finland as a weaker global outlook undermines the recovery in two of the European Union’s worst-performing labor markets.

Sweden’s seasonally adjusted unemployment rate grew in March to a five-month high of 9.2%, above all estimates in a Bloomberg survey of economists, according to data from Statistics Sweden on Wednesday. Finland’s headline jobless rate rose to 11.1%, the highest reading since May 2015, its statistics office said.