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Swedish jobs market continues to be tough as more go without a job

Wednesday, 10 July 2013
The Swedish jobs market has always been tough but now it's getting tougher. Despite various moves taken to try to stimulate the job market, there is no sign of improvement.
In late June, a total of 388 000 people were unemployed or enrolled in different tax funded programs - a slight increase over last year, according to new figures from the Swedish Employment Service today.

This challenges the forecast, which was released in early June, which pointed to a turnaround to take place in the latter part of 2013 and during 2014.
Unemployment is stubbornly parked just over 8 percent, and there are few signs of bright spots. The number of registered jobseekers rose in June by 14 000, compared with a year ago.

However, looking at the entire first half of this year, 20,000 more people have had jobs than the same time last year. The number of layoffs is slowly diminishing. In June, 4,500 people were added to the dismissal list, and it is half compared to autumn 2012.
But the available jobs has decreased the past six months, particularly in manufacturing sector. The latest figures for industrial production in Sweden also showed a decline. This could be something that makes the sector so tight though analysts are not jumping to any conclusions on one month's statistics.
By Scancomark.com Team

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