August 20, 2009
The Local: Sweden's news in English
Youth unemployment doubles in Sweden
Published: 14 Aug 09 11:41 CET Online: http://www.thelocal.se/21470/20090814/
Dictionary tool Double click on a word to get a translation
Unemployment in Sweden amounted to 251,000 in July, with a further 4,400 served notice.
Rapid rise in unemployment claims (4 Aug 09) 250,000 Swedes out of work: agency (3 Aug 09) Swedish jobless rate continues to climb (10 Jul 09)
Among the nation's youth unemployment has now doubled over the past 12 months. The number of redundancy notices has declined since March and the fall in vacancies registered at employment agencies has eased off, according to new figures for July from the Swedish Public Employment Service (Arbetsförmedlingen). Among those aged 18-24 unemployment amounted to 56,000 people - almost double the figure from the corresponding month of last year. For those aged 25-34 the figures were almost as dramatic with an additional 31,000 added to the ranks of the unemployed over the year, with the figure now standing at 68,000. Those in work under labour market support programmes also increased, especially amongst the young. In July 3.2 percent of the workforce, 115,000 people, were engaged in such programmes. Among the younger age group participation has trebled. The number of newly registered unemployed increased by 33,000 in July, up 10,000 on July 2008. 13,000 of those were aged 18-25.
TT/The Local (news@thelocal.se/08 656 6518)
Your comments about this article:
#1 07:55 August 16, 2009 by johnnytango Swedish youth certainly seem to have their share of problems. More articles about violent crimes committed by youth, lack of discipline and proper supervision from the working parents, long and arduous school season, single working parent households, heads attached to computers and cell phones, MTV and unemployment to boot. That is a lot to put on a pair of young shoulders. Report abuse » Business & Money headlines
Reinfeldt fobs off Koenigsegg Saab plea
The Swedish state has no intention of bailing out the Koenigsegg Group, the prospective buyers of Saab Automobile, Prime Minister Fredrik Reinfeldt has said. READ »
Unemployment hits 9.1 percent: report
454,000 Swedes were registered as unemployed during the second quarter of 2009, new figures from Statistics Sweden show. READ (1 COMMENT) »
Collapse in Swedish residential construction
Residential construction collapsed by 45 percent during the first half of 2009, new figures show. Analysts warn of housing shortages and high prices as a result. READ »
Sweden refuses to fill capital hole in Saab deal
The Swedish government has refused a request from Koenigsegg Group to lend a further 3 billion kronor ($412 million) to enable the firm to complete the purchase of Saab Automobile AB from ailing US giant General Motors. READ (4 COMMENTS) »
Sweden coming out of recession: Riksbank
"The deep recession has hit bottom", Sweden's deputy central bank governor Svante Öberg said in a speech made on Tuesday, although he also predicted that a full recovery would take several years. READ (6 COMMENTS) »
GM confirms Saab sale
US automotive giant General Motors has confirmed that it has signed a stock purchase agreement with the Koenigsegg Group regarding the sale of Saab Automobile to the Swedish-led consortium. READ (5 COMMENTS) »
Koenigsegg buys Saab
The Koenigsegg Group, a consortium led by the Swedish sports car manufacturer of the same name, confirmed late on Monday evening that it has signed a binding deal with General Motors to seal the purchase of Saab Automobile. READ (9 COMMENTS) »
Former parent 'not interested' in Volvo Cars
Volvo Cars' one-time parent company Volvo Group has thrown cold water on claims that it is mulling membership of a consortium working to bring the auto maker back to Sweden. READ (4 COMMENTS) »
US owners take major stake in Volvo Group
American investment firm Capital Group has become AB Volvo's second largest shareholder increasing its stake to six percent of the Swedish truck manufacturer. READ »
Swedbank announces massive rights issue
Swedish bank Swedbank has announced a 15 billion kronor ($2 billion) guaranteed preferential rights issue, according to a company press release on Monday. READ » More Business & Money
14/08 Sales up at Swedish state liquor stores (1 comment) » 13/08 Koenigsegg silent over ownership rumours (3 comments) » 13/08 Stockholm exchange climbs new peak (1 comment) » 13/08 'Spotify are the new pirates': Swedish artist (16 comments) » 12/08 Golfer's wet ball prompts revealing underwear challenge » 12/08 SAS slashes workforce to save cash (6 comments) » 11/08 'Spotify earns us more than iTunes': Sony BMG (4 comments) » 11/08 Consumer prices keep dropping in Sweden (8 comments) » 10/08 Stockholm Fashion Week aims to buck the recession » 10/08 Councils to cash in on autumn budget »
Blog Update: On Swedish Business
04 August 12:29 A tie or not a tie - that is the question »
"Once a symbol of male power and gravity, has the tie become a symbol of the risk averse, the backward thinking, the stuffy old-world way of getting business done?" READ »
07/7 22:41 The pirates set sail for horizons newTurning The Pirate Bay into a legitimate business, is not very pirate, not very idealistic, not anarchic, defiant nor rebellious in the slightest, but it could pave the way for the salvation of the music and film industries...or just signal the stampede to the new kid on the block. READ » 29/6 00:36 “It’s better for the environment.”The children are offered the Maxbox. Except that it doesn't come in a box anymore as "it's better for the environment". It is now more of a Max tray, but it does the trick all the same. READ »
Find a new job in Sweden now SPONSORSHIP SALES EXECUTIVE marcus evans (Scandinavia) Stockholm ltd.
6 mån Interim Business Controller Stockholm
Michael Page International
Senior lecturer in Human Computer Interaction 1 Stockholm
KTH - Kungliga Tekniska Högskolan
Doctoral, Ph.D., position in Lightweight KTH - Kungliga Tekniska Structures Högskolan Stockholm
Professor i Geoteknologi Stockholm
KTH - Kungliga Tekniska Högskolan
International sales Stockholm
marcus evans (Scandinavia) ltd.
Is Sales YOUR PASSION? - SMG Stockholm
marcus evans (Scandinavia) ltd.
Lektor i Människa-datorinteraktion Stockholm
KTH - Kungliga Tekniska Högskolan
Senior lecturer in Human Computer Interaction 2 Stockholm
KTH - Kungliga Tekniska Högskolan
2 bitr Halmstad
Högskolan i Halmstad
ALL JOBS »
Lifestyle - http://www.thelocal.se/news/2/ Jobs - http://www.thelocal.se/jobs/
Today's most read Today's most emailed 1. 2. 3. 4. 5. Sweden coming out of recession: Riksbank » GM confirms Saab sale » Sweden refuses to fill capital hole in Saab deal » Collapse in Swedish residential construction » Unemployment hits 9.1 percent: report »
More popular articles » Latest Business & Money news from Germany
20/08 Porsche HQ raided in insider trading probe » 20/08 Berlin pressures General Motors over Opel deal » 20/08 Green party politician says Germans should buy Japanese cars » 19/08 Germany gets amped for electric cars » 19/08 Poisonous find in salad ruining German rocket farmers » 18/08 Deutsche Post slacking off, customers complain » 18/08 Investor confidence returning in Germany » 17/08 German solar-panel manufacturers face financial ruin » 17/08 Industry targets immigrants for skilled labour training » 16/08 Deutsche Post to close all of its own post offices »
Jobs in Sweden: 54
Senior Accountant - Interim 3-6 months Senior lecturer in Human Computer Interaction 2 Senior lecturer in Human Computer Interaction 1