Sweden’s goal to reach the lowest unemployment rate in Europe is becoming more and more unrealistic. In the EU’s unemployment ranking the country has fallen from 12th place 18th place in four years, reports Voice of Europe.
This is a trend that is the opposite of the government’s goal to reach the EU’s lowest unemployment rate by 2020.
“If you look at unemployment, the curve in Sweden has actually pointed upward, while in many other comparable countries it is falling to levels we haven’t seen in maybe 40 or 50 years,” Robert Bergqvist, a chief economist of lender SEB AB, tells Bloomberg.
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