In late April, nearly 39,000 young people were registered as unemployed. This is the same level as in April last year, and thus the long streak of increases has been broken, according to the Employment Service's monthly statistics. But what this means is still unclear.
It's a bit too early to say, but young people usually lead the way when it turns around. They lose their jobs early in a recession and then when it turns around, they usually come in a bit faster, says Lars Lindvall, forecasting manager at the Employment Service.
The prevailing uncertainty in the world with trade wars and geopolitical unrest also contributes to it being difficult to draw about how unemployment will develop in the near future.
We're waiting for consumption to get going, and that can also benefit young people who often get their first job in trade or the restaurant industry, which are both very consumption-dependent, says Lars Lindvall.
In total, nearly 365,000 people, corresponding to 6.9 percent, were registered as unemployed. This means that unemployment has decreased for three months in a row and is still higher than in April last year. Compared to a year ago, about 19,000 more are unemployed.
During the month, 2,300 fewer were notified of redundancy than during the same month last year.
Figures in parentheses indicate the corresponding figure for April 2024.
364,829 (346,029) people were registered as unemployed. This corresponds to 6.9 percent (6.6 percent) of the register-based workforce.
7.2 percent (7.2 percent) of young people aged 18-24 were registered as unemployed.
152,317 (140,337) of the registered unemployed had been unemployed for 12 months or more.
30,059 (30,448) people registered as job seekers.
33,516 (33,013) people got a job.
4,548 (6,851) people were notified of redundancy.
Source: Employment Service
