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Economy

Falling Unemployment Predicted

According to a new forecast by the Swedish Public Employment Service, Sweden's dismal employment situation will start to improve over this and next year, thanks to the economic recovery. But because new people are coming onto the job market, unemployed Swedes shouldn't expect immediate results straight away, they say. The Employment Service predicts that joblessness will top 9.1 percent this year, before falling to 8.7 percent next year. Unemployment is not expected to reach the heights that had been previously forecasted, and by the end of 2011, enough new jobs will have been created to make up for the jobs lost since 2008. Swedish youth, immigrants and elderly have had a particularly difficult time finding jobs, according to the Employment Service.

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