Sweden's jobless rate increased for the fourth straight month in March to the highest level in nearly a year, figures from Statistics Sweden showed on Wednesday.
The unadjusted unemployment rate rose to 9.7 percent in March from 8.8 percent in February. Moreover, a similar inflation rate was last seen in May 2025.
In the same month last year, the jobless rate was 8.5 percent.
There were 564,900 unemployed people in March, up from 507,100 in the previous month.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.