Off the wire
• Taxes on Latvia's small businesses to go up in 2017  • Hollande, Merkel vow "merciless war" against terrorism after Berlin attack  • Zimbabwe releases 29 mln bond notes since introduction: central bank  • Yearender: China-Vietnam ties in spotlight in 2016 as reciprocal endeavors, mutual respect pays dividends  • China, Britain reaffirm "golden era" for ties amid Brexit uncertainty  • Norwegian PM reshuffles cabinet  • Czech tennis player Kvitova attacked in her flat  • Arab, EU FMs urge intra-Syria talks, condemn Aleppo attacks  • Roundup: Finnish politicians condemn terrorism after Berlin attack  • Obama sends condolences to German Chancellor Merkel over Berlin attack  
You are here: 　 Home

Stockholm' economy continues to grow in Q3

Xinhua, December 21, 2016 Adjust font size:

Stockholm's positive development continued in the third quarter of 2016, Stockholm Business Region said in a press release on Tuesday.

According to its latest released Stockholm Economy Report, in the third quarter, wages increased and unemployment continued to fall in both Stockholm County and the City of Stockholm compared with the same quarter last year.

"Unemployment continues to fall and we're also seeing the creation of more jobs, especially in the IT industry, where Stockholm has a strong position compared with many other cities in Europe and globally," Karin Wanngard, mayor of Stockholm, was quoted as saying.

In the third quarter, employment in the county saw the greatest increase in the IT industry and in companies in health and social services.

The number of available jobs increased in both Stockholm County and the City of Stockholm, with the biggest numerical increase among companies in financial operations and business services.

The number of layoffs increased in the county but fell in the city. Unemployment continued to fall in both Stockholm County and the City of Stockholm compared with the same quarter in 2015.

"Stockholm has a stable growth rate, thanks largely to our diversified business community. Growth that is spread across many different industries is an important key for maintaining a competitive edge, while residential construction is crucial for handling the population increase," said Olle Zetterberg, CEO of Stockholm Business Region.

The report is published by Stockholm Business Region four times per year. Endit