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Gloom in an unclear Swedish jobs market as more layoffs announced


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Tuesday, 13 September 2011
There is increased confusing reports about the Swedish jobs market today as some reports talk of an impressive job market while another talk of a gloom.

After reporting that the Swedish job market has a great future, it is also reported again that approximately 370,000 people, or 7.3 percent of the workforce was at the end of August either openly unemployed or enrolled in unemployment program, according to the Employment Service.
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A year ago the figures was 407,000 or 8.1 percent, indicating an improvement somewhat.
During August, there were some 2646 persons terminated from their jobs, which is about 800 more than during the same month last year.
"The labour market is reinforced still, but there are now clear signs that the upturn is about to lose momentum. This is due to the turbulent situation in world economy, which already has some implications for the Swedish export industry," comments the Employment Service's Analysis Manager, Clas Olsson.

New jobs notified to the employment services rose during the month with 12,000 to 54,000, compared with August last year. In contrast, there were less people in any kind of work, 6,000 less to 47,000 during the month.
By Scancomark.se Team


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