Brighter job market, fewer layoffs

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Brighter job market, fewer layoffs
Photo: Jonas Ekströmer/TT

During the first quarter, approximately 4,000 people were granted transition support from the TSL Security Fund, a kind of employment agency for LO members whose employer is affiliated with TSL through a collective agreement.

That was 26 percent fewer than a year earlier.

"This indicates that the labor market is stabilizing, even though uncertainty in the outside world remains. However, how the consequences of the geopolitical situation may affect the labor market is still difficult to assess," said Caroline Söder, CEO of TSL, in a comment.

The decline in the number of layoffs that end up at TSL applies to all industries. The fall is largest in the construction sector, down 67 percent.

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By TT News AgencyEnglish edition by Sweden Herald, adapted for our readers

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