2017-12-20 16:12Press release

Stockholm economy: Increased employment rate and more new companies started

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The Stockholm economy continues to develop strongly, which is shown by most indicators. Aggregated gross pay data showed positive growth for both Stockholm County and the City of Stockholm compared to the same quarter in 2016. Information and communication, construction, financial and insurance and education were the driving sectors behind this development. 

The labour market in Stockholm continued its strong development. The number of company bankruptcies decreased and newly registered businesses increased. During the last four quarters the number of persons employed increased by 30 000. Further, the number of persons given notice decreased in both the county and the city. The unemployment rate was the same as in the third quarter 2016. The number of listed positions did however decrease in Stockholm and also in the rest of the country. 

"Once again, we see strong figures that show that Stockholm is a good city for business and entrepreneurship. More new companies, new innovations and increased employment show that the city is developing in the right direction. The fact that we also accelerated housing construction provide good conditions for jobs and growth," says the Mayor of Stockholm, Karin Wanngård (S).

The number of residents in the county and the city increased by 38 800 and 14 500 respectively during the last four quarters, representing an increase by 1,7 percent and 1,6 percent. The number of housing projects started increased in both the county and the city in comparison to the same quarter last year. During the last four quarters construction increased in both the Stockholm County and the City of Stockholm. 

"It is pleasing to see that Stockholm's business community continues to grow. We see an increased employment rate across several sectors, which ensures continued strong development in Stockholm," says Olle Zetterberg, CEO of Stockholm Business Region.

About the report
The report is published by Stockholm Business Region four times per year. The report covers Stockholm County and the City of Stockholm. Statistics are based on information from Statistics Sweden, the Swedish Public Employment Service and the Swedish Companies Registration Office.

For questions, contact Stefan Frid, Invest Stockholm, stefan.frid@stockholm.se, +46 (0) 8 508 28 016

About Invest Stockholm

Invest Stockholm is the official investment promotion agency of Stockholm. We work with the marketing and development of the Stockholm region as a business destination under the brand Stockholm – The Capital of Scandinavia. Invest Stockholm is a subsidiary of Stockholm Business Region, owned by the city of Stockholm.

www.investstockholm.com


About Invest Stockholm

Invest Stockholm is the official investment promotion agency of Stockholm. We work with the marketing and development of the Stockholm region as a business destination under the brand Stockholm – The Capital of Scandinavia. Invest Stockholm is a subsidiary of Stockholm Business Region, owned by the city of Stockholm. www.investstockholm.com www.visitstockholm.com www.stockholmbusinessregion.com

Contacts

Marie Sundström
PR and Marketing Manager, Invest Stockholm
Marie Sundström
Anna Gissler
CEO, Invest Stockholm
Anna Gissler