Home HomeSwedenLivingWorld world_2_fill WorldBusiness BusinessSports sports-soccer SportsEntertainmentEntertain

Persson: "A long winter" on the labor market

Unemployment is increasing and employment is decreasing. We are heading towards a long winter on the Swedish labor market, says Minister for Labor Markets Mats Persson (L) at a press conference.

» Updated: 23 October 2024, 15:01

» Published: 23 October 2024

Persson: "A long winter" on the labor market
Photo: Jakob Åkersten Brodén/TT

The government's assessment is that there is still a prolonged low-growth economy in Sweden. In the third quarter of 2024, unemployment in Sweden rose to 8.5 percent, from 8.3 percent the previous quarter and 7.8 percent the corresponding quarter last year.

This is slightly higher than the forecast of 8.3 percent until next year.

I think you should take every tenth with a bit of caution when making these kinds of measurements.

We have a prolonged low-growth economy. It's noticeable on the labor market and it will take time before it turns – but we will see it turn.

Unemployment is not expected to turn downward until in a couple of years. In 2026, it is estimated to be at 7.9 percent.

The government now wants, among other things, more people to undergo vocational training for adults. In 2025, there will be 120,000 places in various forms of vocational training, according to Persson.

Very many will be able to take an education to be able to take a profession that is waiting for you at the other end, says Persson.

He mentions healthcare and care, bus drivers, electricians, and jobs in the green transition.

Persson also comments on Northvolt, where a total of 1,600 employees were notified of layoffs due to the company's economic crisis.

Despite the bleak situation, he believes that there are good opportunities for the laid-off to find a new job.

There is a very strong labor market in Skellefteå and in northern Sweden.

Tags
TTT
By TTThis article has been altered and translated by Sweden Herald

More news

Fear of Swedish Inflation after Trump's Election
4 MIN READ

Fear of Swedish Inflation after Trump's Election

Ica expands recall of falukorv
1 MIN READ

Ica expands recall of falukorv

Prison sentence for 16-year-old murderer to be tried in the Supreme Court
2 MIN READ

Prison sentence for 16-year-old murderer to be tried in the Supreme Court

Two police officers hospitalized after collision in Boden
1 MIN READ

Two police officers hospitalized after collision in Boden

S Leader: Establish Good Relations with Trump
1 MIN READ

S Leader: Establish Good Relations with Trump

Train Driver Attacked by Passenger
1 MIN READ

Train Driver Attacked by Passenger

Fell in love with an opponent – politician resigns
1 MIN READ

Fell in love with an opponent – politician resigns

Arrested in Spain linked to gang war in Denmark
2 MIN READ

Arrested in Spain linked to gang war in Denmark

Border Control Stops Pension Fraud Worth Millions
1 MIN READ

Border Control Stops Pension Fraud Worth Millions

Man linked to explosive device in Kalmar
1 MIN READ

Man linked to explosive device in Kalmar

The Minister on Trump: The EU can fill the gap
1 MIN READ

The Minister on Trump: The EU can fill the gap

Ica recalls cheese wrap – may contain celery
1 MIN READ

Ica recalls cheese wrap – may contain celery

Charge for attempted bombing of Israeli company
1 MIN READ

Charge for attempted bombing of Israeli company

Pork Back Recalled - May Contain Listeria
1 MIN READ

Pork Back Recalled - May Contain Listeria

Five charged with serious drug offenses
1 MIN READ

Five charged with serious drug offenses

Kristersson on Trump's victory: We see the risks
3 MIN READ

Kristersson on Trump's victory: We see the risks

Murder Suspect in Skåne Released
1 MIN READ

Murder Suspect in Skåne Released

So the new E22 chaos is to be avoided this winter
3 MIN READ

So the new E22 chaos is to be avoided this winter

Preliminary Investigation into Sugar Explosion Dropped
1 MIN READ

Preliminary Investigation into Sugar Explosion Dropped

85-year-old man arrested for attempted murder
1 MIN READ

85-year-old man arrested for attempted murder