imageEconomic Indicators8 hours ago (Apr 20, 2020 06:45AM ET)

(C) Reuters.

STOCKHOLM (Reuters) – Sweden’s Public Employment Service (SPES) said on Monday unemployment rose to 8% in the past week after a wave of redundancies due to the effects of the novel coronavirus on the economy.

“Unemployment is rising at a fast pace and is now 8%,” SPES said in a statement, adding that the number of people who had been given notice by their employer during the last week had slowed compared to the previous period.

Unemployment was 7.6% in March, according to SPES.

Swedish labour board says unemployment at 8% as virus hits economy

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