Sweden's jobless rate decreased further in July to the lowest level in seven months, figures from Statistics Sweden showed on Friday.
The unadjusted unemployment rate dropped to 8.0 percent in July from 9.4 percent in June. In the same month last year, the jobless rate was 7.7 percent.
The number of unemployed decreased to 474,000 persons in July from 559,000 persons in the prior month.
The youth unemployment rate, which is applied to the 15-24 age group, came in at 17.3 percent in July.
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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.