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Jobless Rate Unchanged

Published torsdag 9 februari 2006 kl 12.09

New figures from the AMS labour board showed on Thursday that Sweden’s jobless rate was unchanged in January from December at 5.5 percent.

The labour board said the number of job vacancies was the highest January figure since 1990, but noted that the effect on unemployment so far was weak.

In a statement AMS said that ”It is increasingly clear that the labour market is now improving for real,” adding that ”the improvement of the labour market has started from a weak point, with high unemployment and many people outside the labour market.”

The ruling Social Democrats, facing a tough challenge from a centre-right opposition ahead of general elections in September, have pledged to bring down unemployment to 4.5 percent in time for the vote.

The number of job vacancies rose to 48,000 in January, an increase of 15,000 compared to the same month last year.

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