Unemployment Falls to Decade Low of 4.3%

Unemployment fell to 4.3% in February, down from 4.8% a year ago and the lowest reading in a decade, according to the national employment agency.

The technology and healthcare sectors led job creation, adding 18,000 and 12,000 positions respectively. Youth unemployment also declined, falling below 10% for the first time since 2017.

"The labour market is tight but not overheating," said employment agency director Karin Ström. "Wage growth remains moderate, which should ease pressure on the central bank."