Swedish Unemployment Rising at Faster Rate Than During Financial Crisis
April 06 2020 - 7:55AM
Dow Jones News
By Dominic Chopping
STOCKHOLM--Data from the Swedish Public Employment Service
Monday show that 25,350 people registered as unemployed last week,
over 8,500 more than the previous week.
"The number of newly enrolled last week is slightly higher than
any individual week during the financial crisis in 2008, which says
a lot about the serious situation," said Annika Sunden, head of
analysis at the employment service.
The employment service said it expects unemployment to continue
to rise as a result of the coronavirus crisis and it is therefore
allocating resources to meet the increasing demand and ensure
everyone gets support and compensation.
Write to Dominic Chopping at dominic.chopping@wsj.com
(END) Dow Jones Newswires
April 06, 2020 07:40 ET (11:40 GMT)
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