Sweden’s jobless rate increased in September after falling for two straight months, Statistics Sweden reported Thursday.
The unemployment rate rose to a 3-month high of 6.7 percent in September from 6.4 percent in August. It was expected to climb to 6.6 percent.
The 6.4 percent rate seen in August was the lowest since December 2008.
The number of unemployed totaled 347,600 compared to 336,600 in the previous month.
Smoothed and seasonally adjusted, unemployment came in at 374,000, which corresponds to an unemployment rate of 7.2 percent in September.
The unemployment rate among youth aged between 15 and 24 fell to 18.5 percent from 22.2 percent in the same period of last year.
The material has been provided by InstaForex Company – www.instaforex.com