In 2010, 25 percent, or every fourth, of the Swedes between 15 and 24 years old were unemployed. That is well over the average of all 27 EU members which was 20,7 percent during 2010. The country with the highest level of youth unemployment is Spain.
In the aftermath of the economic crisis of the early 1990s, unemployment rose substantially, especially among young people. Youth unemployment remained high throughout the 1990s, but a downward trend began in 1998.
Youth unemployment in Sweden has, however, begun to rise again and in the full-year 2008, 20 percent of the Swedes between 15 and 24 were without a job. Furthermore, in the aftermaths of the financial crisis of late 2008 the unemployment generally and the youth unemployment especially increased in most countries. Sweden was no exception. Between 2008 and 2009 the youth unemployment in Sweden increased from 20 percent to 25 percent. During 2010 the youth unemployment was stable at the high rate of 25 percent.
In a comparison with the EU Sweden has a higher youth unemployment than most other countries. Interesting to note is that while the total unemployment in Sweden is well below the average of the EU-27 the Swedish youth unemployment is well over the same average.