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Swedish jobless rate surges


Swedish jobless rate surges


Sweden’s unemployment rate surged unexpectedly in April.

It jumped to 9.8 percent of the working population from 9.1 percent in March. Analysts had expected a slight decline.

It was bad news for the centre-right Alliance government, which had promised to create jobs and which faces an election in September.

The Swedish crown fell in value against the euro and the dollar.

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