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Unemployment

Jobless Figures On the Up

Published torsdag 19 mars 2009 kl 11.43

8 percent of Sweden’s working population were unemployed in February, that’s up 1.9 percentage points compared with the same month last year. The figures came as a big surprise for analysts, who were expecting a much lower figure. Olle Holmgren, economist at SEB bank, says that the Swedish labour market seems to have deteriorated much quicker than expected and that analysts’ already negative forecasts haven’t been negative enough.

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