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Swedish Jobless Rate Rises In August

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The Swedish jobless rate rose 2.8 percentage points in August from the prior year to 8%, the labor force survey from the Statistics Sweden showed Thursday. The unemployment rate matched economists' expectations. The unemployment rate among men stood at 8.3% and that for women was 7.6%.

The number of unemployed persons increased 137,000 in August from the prior year to 393,000. Of the unemployed, 60,000 were full time students looking for jobs.

The Swedish jobless rate rose 2.8 percentage points in August from the prior year to 8%, the labor force survey from the Statistics Sweden showed Thursday. (Market News Provided by RTTNews)

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