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Statistics Sweden: Unemployment Holds Steady in February

Statistics Sweden: Unemployment Holds Steady in February

Kara Dailey, Contributor

Talking Points:

  • Unemployment Rate holds steady at 8.4% in February
  • 82K additional persons were employed bringing the employment rate up to 65.4%
  • EURSEK Remains Near Support

The official Unemployment Rate, reported today by Statistics Sweden, matches the tone set forth in a publication drafted Wednesday by Sweden’s Public Employment Service.

Data shows 82K additional persons were employed between the ages of 15-74 during the month of February when measured year-over-year. The addition elevated the employment rate by 0.7 percentage points to 65.4%. This change corresponds to an unemployment rate of 8.4%, the same figure reported in January. Also increasing, the average number of hours worked in a week. The figure increased from 121.1 million hours in January to 157.2 million hours in February.

EUR/SEK Daily Chart

Chart Created by Walker England Using MarketScope2.0

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