Sweden Dec. AMV Jobless Rate Rises

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Sweden's jobless rate stood at 5.7% in January, up from 5.6% in December, a report from the Public Employment Service said on Wednesday. Economists' expected the jobless rate to be 5.7%. The jobless rate is measured by the number of unemployed registered with the Employment Service.

The number of unemployed registered in the employment service totaled 265,000 in January, showing an increase of 1.2 percentage points or 55,000 persons over a year ago.

In January, the number of registered unemployed at the Employment Service and the number of programs who are supported amounted to 438 000 persons,which was 9.4% of the workforce, the agency said.

Sweden's jobless rate stood at 5.7% in January, up from 5.6% in December, a report from the Public Employment Service said on Wednesday. Economists' expected the jobless rate to be 5.7%. The jobless rate is measured by the number of unemployed registered with the Employment Service. (Market News Provided by RTTNews)