Sweden's unemployment rate decreased from last year in March, data released by Statistics Sweden showed Tuesday.
The unemployment rate dropped to 7.7 percent in March from 8.1 percent in March 2011. Economists expected the jobless rate to be 8 percent.
The number of jobless persons in the country decreased by 3.6 percent on an annual basis to around 389,000 in March.
Meanwhile, the employment rate increased to 65.4 percent during the month from 64.7 percent last year. The number of persons in employment was around 4.64 million in March, up 1.7 percent compared to last year.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.