Indicators · Jobs
Swedish unemployment
Normal
8.9% in Aug 2026. The three-month average is 0.37 points above its low of the previous twelve months.
US recessions Periods when this signal was on
What it measures
Sweden's seasonally adjusted unemployment rate from the labour force survey, and how far its three-month average has risen above its low of the previous twelve months.
Why it matters
Office work is a larger share of jobs in Sweden than in the US, the euro area or China, so AI reaches its labour market early.
When it triggers
Triggers at 0.6 points; the Swedish survey is noisier month to month than the US one.
Past triggers
Replaying the rule on the data from Jan 1990, it triggered in Aug 2003, Nov 2008, Mar 2019, Aug 2023.