Labour costs in employment services in Sweden have exhibited a steady upward trend from 2013 to 2023, growing from 24.7 billion SEK to 45.32 billion SEK. Year-on-year variations have fluctuated, ranging from a high of 15.86% in 2015 to a low of -1.6% in 2019. The compound annual growth rate (CAGR) has generally been on a downward trend, decreasing from 11.66% in 2014 to 2.82% in 2023. Over the last five years, the average annual growth rate was 3.58%. Looking forward from 2024 to 2028, the labour costs are forecasted to continue rising at a slower annual CAGR of 2.21%, with an overall growth rate of 11.55% over the period.
Future Trends to Watch For:
- Potential impacts of technological advancements and automation on employment services and associated labour costs.
- Regulatory changes and government policies affecting labour markets and employment conditions.
- Global economic conditions, including economic growth rates, inflation, and labour market dynamics.
- Shifts in workforce demographics, including aging populations and the supply of skilled labour.
