Fewer Workers Are Losing Their Jobs, TSL Says as Labour Market Stabilizes

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Fewer Workers Are Losing Their Jobs, TSL Says as Labour Market Stabilizes
Photo: Tomas Oneborg/SvD/TT

During the second quarter, around 3,900 people who had lost their jobs received adjustment support from the TSL Social Security Fund. This was almost half as many as in the same period last year.

TSL acts as a private job broker for laid-off LO workers in the private sector.

"We see a clear decline in the inflow to adjustment support and also fewer bankruptcies. These are positive signals that indicate a more stable development in the labour market," says the fund's CEO Caroline Söder in a written comment.

And the job market for those who have recently lost their jobs looks good. Nine out of ten find new employment - work, studies or their own business - within a twelve-month period after the end of support, according to TSL.

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

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