Sweden’s Unemployment Falls

Via The Swedish Wire:

Bloomberg said Swedish unemployment fell last month as the export-reliant economy is showing signs of rebounding amid optimism Europe will emerge from its debt crisis.

Figures from the Public Employment Service showed that the non-seasonally adjusted rate, as measured by the number of people claiming benefits, declined to 4.7 percent in February from 4.8 percent the previous month.

Data also showed that the country’s manufacturing confidence improved to its highest level in six months in February.

The Nordic country sells about half its output abroad, of which about 70 percent go to Europe.

This entry was posted in Uncategorized. Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s