Sweden has 9.9 million inhabitants. The population is expected to have increased by more than 600 000 by 2020. Over 1.6 million people, corresponding to 16% of Sweden's population, were born abroad. Just over half of them are of European origin, and the most common nationality is Finnish. The number of people in the workforce has risen considerably in recent years and is expected to continue increasing in the next few years. People born abroad account for the whole expansion of the workforce. In 2015, unemployment amongst 16-64 year-olds was on average 7.5%. It has decreased since spring 2015 and is expected to continue to fall slowly in both 2016 and 2017 to reach 6.6% in 2017.
The Swedish labour market grew in 2015 and the number of people in employment (16-64 year-olds) increased by 63 000. Employment increased in both the private and the public services sector, whilst it fell in the construction sector and in industry. In 2016, employment is expected to grow by 68 000 people, whilst in 2017 it is forecast to increase by 72 000. Employment is increasing the most in the services sectors, both private and public. It is expected to rise in the construction sector and industry too, but at a slower rate.
The number of vacancies registered at the Swedish Public Employment Service (PES) is at a high level, which is an indication that many employers are needing to recruit. Knowledge requirements are high in the Swedish labour market and have increased over time. For applicants without any form of upper-secondary education, the chances of finding a job are low. There is a strong, long-term upward trend in employment in occupations at tertiary education level. In the next few years, there are also expected to be additional jobs in occupations at secondary education level. Competition for jobs at this level will continue to be tough, as jobseekers with tertiary-level education are also applying for these jobs.
Demand for labour is expected to remain high and to spread to more sectors and occupations. This will lead to a gradually declining supply of skilled labour in more and more occupations. The output from the educational system will not meet the overall demand for labour. Many new jobs will arise in occupations at upper-secondary school level, but also in occupations that require tertiary education. As a minimum, recruiters usually require job applicants to have completed upper-secondary school education. There are very few jobs that require only very low or no formal education.
Read more o shortages at http://work.sweden.se/working-in-sweden/