Sweden's jobless rate drops to 16-year low

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STOCKHOLM, June 13 (Xinhua): Unemployment in Sweden has reached its lowest level for sixteen years, Swedish news agency TT reported yesterday.
Open unemployment figures for the end of May accounted for 154,000 people, or 3.3 per cent of the workforce, the lowest level since 1991.
According to the Swedish Employment Service, the figures for May represent a drop of 33,000 people, or 0.9 percentage points, compared to the same period last year.
The number of vacancies advertised at job centres around the country amounted to 81,000 in May, almost 25,000 more than the same month last year.
There was also a sharp drop in the number of people on labour market programmes: 57,000, or 1.2 per cent of the labour force in May 2007, compared to 109,000 last year.