Sweden Jobless Rate At 10-month High

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Sweden's unemployment rate unexpectedly rose in August to its highest level in 10 months, preliminary data from Statistics Sweden showed Tuesday.

The seasonally adjusted jobless rate climbed to 6.6 percent from 6.4 percent in July. Economists had expected the rate to drop to 6.3 percent.

The latest figure was the highest since October 2017, when it was at the same level.

On a not seasonally adjusted basis, the unemployment rate edged up to 6.1 percent from 6 percent in July.

The number of unemployed was 337,000 in August, while 5.16 million persons had jobs.

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