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Slowdown on the Swedish labour market

Thursday, 15 December 2011
The number of employed persons in Sweden aged 15-74 amounted to 4 629 000 in November 2011, an increase of 62 000 compared to November 2010. The number of unemployed persons was 334 000, corresponding to an unemployment rate of 6.7 percent. The number of hours worked increased by 1.2 percent. Seasonally adjusted data shows a weakened increase in employment and a ceased decrease in unemployment.
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In November 2011 the number of employed persons aged 15-74 amounted to 4 629 000, an increase of 62 000 persons compared to November 2010. The employment rate was 65.3 percent. The number of permanently employed increased by 87 000 persons to 3 479 000. The number of temporarily employed was 673 000 and this is no statistically significant difference compared to November last year. At the same time, the number of self-employed decreased by 35 000 to 477 000. According to seasonally adjusted data the number of employed persons amounted to 4 652 000. The trend is still positive, but the pace has weakened.
On average, the number of hours worked in November 2011 amounted to 158.0 million per week, an increase by 1.2 percent compared to November 2010. Of these, the employees contributed 138.2 million, an increase by 2.1 percent.

The number of unemployed persons aged 15-74 amounted to 334 000, which corresponds to an unemployment rate of 6.7 percent. According to seasonally adjusted data the number of unemployed persons amounted to 374 000, resulting in an unemployment rate of 7.4 percent. The downward trend that has been observed over a longer period of time has now ceased.
News source: Statistic Sweden




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