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    RI Council for Humanities Awards Over $150K to 15 Public Projects & Documentary Films

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    Ghana’s Public Debt now stands at GHȻ291.6 billion – Osei Kyei-Mensah-Bonsu-ghanatoday.net

    Ghana’s Public Debt now stands at GHȻ291.6 billion – Osei Kyei-Mensah-Bonsu-ghanatoday.net

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    A Great Asset For Ghana Football: Ghanatoday.net

    A Great Asset For Ghana Football: Ghanatoday.net

    Breaking News: Sellas Tetteh resigns as head coach of Sierra Leone – Ghana Latest Football News, Live Scores, Results: Ghanatoday.net

    Two cases of coronavirus confirmed in Ghana: Ghanatoday.net

    Two cases of coronavirus confirmed in Ghana: Ghanatoday.net

    Govt tightens border checks as coronavirus spreads: Ghanatoday.net

    COVID-19: Ghana confirms two cases: Ghanatoday.net

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    Politics Chat: The 2020 Election Is Over, But Issues Remain – NPR

    Politics Chat: Biden’s Immigration Challenge – NPR

    I’ve nothing to hide; bring FBI, CID, NIB to investigate me – KMA Mayor dares petty traders group

    I’ve nothing to hide; bring FBI, CID, NIB to investigate me – KMA Mayor dares petty traders group

    IN PICTURES: The week in Scottish politics – The Courier

    IN PICTURES: The week in Scottish politics – The Courier

    Akufo-Addo’s galamsey fight a political deception.- Multimedia Journalist

    Akufo-Addo’s galamsey fight a political deception.- Multimedia Journalist

  • Entertainment
    Pulse Picks: Top 10 entertainment stories that defined 2020 [ARTICLE]

    Pulse Picks: Top 10 entertainment stories that defined 2020 [ARTICLE]

    From Manny Pacquiao to Shirley Temple: Seven celebrities who swapped the entertainment industry for politics

    From Manny Pacquiao to Shirley Temple: Seven celebrities who swapped the entertainment industry for politics

    At CES 2020 Panasonic Demonstrates the Future

    At CES 2020 Panasonic Demonstrates the Future

    Christabel Ekeh pictures, biography, boyfriend ▷ YEN.COM.GH

    Christabel Ekeh pictures, biography, boyfriend ▷ YEN.COM.GH

  • Lifestyle
    RI Council for Humanities Awards Over $150K to 15 Public Projects & Documentary Films

    RI Council for Humanities Awards Over $150K to 15 Public Projects & Documentary Films

    You can’t lead NPP as a Muslim and a Northerner- Alan’s boy roars at Bawumia

    DR. Mahamudu Bawumia Embodies Our Best Shot In 2024 (II)

    Your Eating Pattern Determines Your Health And Lifespan Including Should Women Fast?

    Your Eating Pattern Determines Your Health And Lifespan Including Should Women Fast?

    ‘I never thought the world would see my photographs’

    ‘I never thought the world would see my photographs’

  • Africa

    More than 10 countries in Africa report COVID-19 cases

    The Dance: the South Africans who finish high school against all odds | Global development

    Facebook, Twitter suspend Russia-linked operation targeting African Americans on social media – News – MetroWest Daily News, Framingham, MA

    Facebook, Twitter suspend Russia-linked operation targeting African Americans on social media – News – MetroWest Daily News, Framingham, MA

    The fight for west Africa’s fish

    The fight for west Africa’s fish

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    Cameroon confirms first case of coronavirus-Ghanatoday.net

    A COVID-19 recovery contribution – Ghana Business News-Ghanatoday.net

    Trial of Akuapem Poloo to start on April 14-Ghanatoday.net

    Akuapem Poloo to appeal against 90 days sentence-Ghanatoday.net

    Voting for NDC will be greatest mistake ever

    Digitization could help de-risk the business environment, reduce interest rates on loans – Dr. Boako-Ghanatoday.net

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    “MTN didn’t take ID before cash-out decision lightly”-Ghanatoday.net

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    Madagascar: Escape 2 Africa (2008) – The Lion Dance Scene (9/10) | Movieclips-ghanatoday.net

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    Each Ghanaian Has The Responsibility For The Peace Of Our Nation -President Akufo-Addo-ghanatoday.net

    Each Ghanaian Has The Responsibility For The Peace Of Our Nation -President Akufo-Addo-ghanatoday.net

    Ghana’s Public Debt now stands at GHȻ291.6 billion – Osei Kyei-Mensah-Bonsu-ghanatoday.net

    Ghana’s Public Debt now stands at GHȻ291.6 billion – Osei Kyei-Mensah-Bonsu-ghanatoday.net

    Akan News @ Midday On Peace 104.3 FM (18/02/2021)-ghanatoday.net

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Home Politics
Swedish Jobless Rate Climbs Amid Brewing Political Storm

Swedish Jobless Rate Climbs Amid Brewing Political Storm

May 25, 2020
in Politics


A tourist souvenir shop on a near empty road in Stockholm.

A tourist souvenir shop on a near empty road in Stockholm.

Photographer: Mikael Sjoberg/Bloomberg

Photographer: Mikael Sjoberg/Bloomberg

Sweden’s unemployment rate rose more than expected in April as the effects of the Covid-19 crisis continued to wreak havoc across the Nordic region’s biggest economy.

The seasonally-adjusted jobless measure increased to 7.9% from 6.7% a month earlier, Statistics Sweden reported. Economists were expecting a rate of 7.8%, according to the median of seven estimates from a Bloomberg survey. The unadjusted rate rose to 8.2% amid a sharp drop in the number of hours worked, mainly within the hotel and restaurant industry.

What Bloomberg Economists Say…

Unless demand picks up shortly, unemployment could rise as high as 17%. That’s how high the unemployment rate would be if all the workers in the government’s furlough program were counted as unemployed.

–Johanna Jeansson

The worsening jobless data comes at a difficult time for the Social Democrat-led government. Next week the administration is expected make public the results of an inquiry into labor market reform, which was set up at the behest of its budget allies after the general election in 2018.

Included in the proposals are regulatory measures that will make it easier and less costly for employers to fire workers, according to a report by state broadcaster SVT on Sunday.

The proposal has sparked fury among the country’s union leaders and opposition political parties, which are threatening to oust Prime Minister Stefan Lofven if it becomes law.

The Left Party Leader Jonas Sjostedt told SVT that his party would call for a no-confidence vote in the prime minister were he to push through with the new legislation — something the leader of the Moderates, Ulf Kristersson, said he would also back.

“This is the worst attack on job security in decades,” Sjostedt said. “I hope the government is wise enough, during a time like this when so many are losing their jobs, to throw the proposals in the bin.”

Read More: Sweden in ‘Very Deep Economic Crisis’ Despite Soft Lockdown

(Adds economist comment.)

Before it’s here, it’s on the Bloomberg Terminal.

LEARN MORE



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