Unemployment rate in Sweden decreased in August from a year earlier, data released by Statistics Sweden showed Thursday.
The unemployment rate dropped to 7.3 percent in August from 7.5 percent in the same month last year. The figure matched economists' forecast. Earlier, the statistical office had reported a jobless rate of 7.2 percent for July.
The unemployment rate for youth, aged between 15 and 24, was 19.4 percent compared with 20.9 percent recorded in August 2012.
There were a total of 377,000 unemployed persons in the country at the end of August, 1.1 percent less than last year.
Meanwhile, the number of persons in employment increased 1 percent annually to about 4.77 million in August. The employment rate for the month was 66.6 percent.
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