FX.co ★ Swedish Jobless Rate Falls to 20-Month Low

Sweden’s unemployment rate declined to 7.8% in July 2026 from 8.0% a year earlier, the lowest level since November 2024. The total number of unemployed fell by 6,400 compared with July 2025, to 467,700, comprising 238,000 women and 230,000 men, corresponding to unemployment rates of 8.3% and 7.4%, respectively. Among people aged 15–24, 138,000 were unemployed, giving a youth unemployment rate of 16.1%. The number of long-term unemployed, defined as those jobless for at least 27 weeks, reached 144,000, including 65,000 women and 80,000 men. Meanwhile, employment among people aged 15–74 increased by 69,100 over the year to 5.5 million, including 2.639 million employed women and 2.868 million employed men. The average total number of hours worked per week was 104.4 million. On a seasonally adjusted basis, the overall unemployment rate was 8.7%, while the youth unemployment rate stood at 24.4%.