Sweden Unemployment Rose in January as Debt Crisis Hits Demand – Bloomberg

Swedish unemployment rose more than estimated last month as Europe’s debt crisis weighs on demand in the largest Nordic economy.

The non-seasonally adjusted unemployment rate, based on a survey of about 29,500 people, rose to 8.0 percent from 7.1 percent the prior month, Stockholm-based Statistics Sweden said today. The median estimate of 13 economists surveyed by Bloomberg was for 7.9 percent.

“Slower economic growth reduces the demand for labor, and unemployment will therefore increase somewhat during the year,” the Riksbank said on Feb. 16…

via Sweden Unemployment Rose in January as Debt Crisis Hits Demand – Bloomberg.