Swedish Companies Cautious on Hiring Amid Economic Uncertainty

Swedish companies are still hesitant to make new recruitments. Only one in four surveyed companies believe they will have more employees within a year, according to the Swedish Enterprise survey.

» Published:

Swedish Companies Cautious on Hiring Amid Economic Uncertainty
Photo: Ari Luostarinen/SvD/TT

Share this article

Low economic activity and continued concern about what will happen with the postponed tariffs from the US side give reason for concern and uncertainty among Swedish companies.

In the employer organization Svenskt näringsliv's business panel, almost 6,000 companies have given their view of the current situation. The mood is also almost unchanged.

On the question of whether the number of employees will have increased within a 12-month period, 6 out of 10 companies still believe that the workforce is unchanged and 1 out of 10 believes that it is smaller. Both figures are identical to how it looked at the measurement in the first quarter of the year.

Even when it comes to investments, it is still over 50 percent (52 percent) who assess the situation as unchanged.

Svenskt näringsliv predicts that the Swedish Central Bank will decide to lower the interest rate next week and then implement another reduction after the summer.

Tags

Author

TTT
By TTEnglish edition by Sweden Herald, adapted for local and international readers

More news

Wall Street Rises After US Interest Rate Cut Announcement

Wall Street Rises After US Interest Rate Cut Announcement

Swedish Farmers Criticize EU's Long-Term Budget Proposal

Swedish Farmers Criticize EU's Long-Term Budget Proposal

Trump Seeks Supreme Court Ruling on Federal Reserve Member's Fate

Trump Seeks Supreme Court Ruling on Federal Reserve Member's Fate

ROT Deduction Reduction at Year-End Faces Criticism

ROT Deduction Reduction at Year-End Faces Criticism

Energy Companies Urge Long-Term Energy Policy Agreement

Energy Companies Urge Long-Term Energy Policy Agreement

Nvidia and Intel Partner to Develop Computer and Data Center Chips

Nvidia and Intel Partner to Develop Computer and Data Center Chips

Bank of England Keeps Interest Rate Steady at 4.0 Percent

Bank of England Keeps Interest Rate Steady at 4.0 Percent

Novo Nordisk Shares Surge 5% After Positive Ozempic Study

Novo Nordisk Shares Surge 5% After Positive Ozempic Study

Sweden Opens State Support for Offshore Wind Power Despite SD Opposition

Sweden Opens State Support for Offshore Wind Power Despite SD Opposition

Norway Central Bank Reduces Interest Rate to 4.0 Percent

Norway Central Bank Reduces Interest Rate to 4.0 Percent

Stock Market Rises After US Interest Rate Cut

Stock Market Rises After US Interest Rate Cut

Billerud to Cut Up to 650 Jobs Amid Cost-Saving Measures

Billerud to Cut Up to 650 Jobs Amid Cost-Saving Measures

Reduced Benefits Linked to Poorer School Results and Increased Crime

Reduced Benefits Linked to Poorer School Results and Increased Crime

Swedish Companies Face Record 12-Quarter Economic Slump

Swedish Companies Face Record 12-Quarter Economic Slump

Asian Stocks Rise Following US Fed Interest Rate Cut

Asian Stocks Rise Following US Fed Interest Rate Cut

Blackstone to Invest £90 Billion in UK Projects Over Next Decade

Blackstone to Invest £90 Billion in UK Projects Over Next Decade

Wall Street Mixed as Fed Cuts Interest Rate but Signals Caution

Wall Street Mixed as Fed Cuts Interest Rate but Signals Caution

Fed Lowers Interest Rate by 0.25 Points, Signals More Cuts This Year

Fed Lowers Interest Rate by 0.25 Points, Signals More Cuts This Year

China Urges Tech Giants to Halt Nvidia AI Chip Purchases

China Urges Tech Giants to Halt Nvidia AI Chip Purchases

Jerry Greenfield Departs Ben & Jerry's, Citing Silencing by Unilever

Jerry Greenfield Departs Ben & Jerry's, Citing Silencing by Unilever