A report in the Financial Times of 23/11/62 reads
"A sample survey to determine the real level of unemployment in Sweden is now being carried out by the Labour liarket Board and the results should be ready in two orthree weeks time. A figure is already available for the number of unemployed who have registered at labour exchanges, and that shows an increase from 20,800 in November last year to 25,000 in the middle of this month, but that is certainly too small a figure. The official unemployment rate is given as 1. 2% which is the same as a year earlier, but this relates only to those of the workless who belong to unemployment insurance funds."
"Total membership of such funds is only about 1.4 million at present, whereas the potential labour force is about 3.6m. so that for this reason also it is impossible to determine without a special survey what the real rate of unemploy-— ment is." COMMENT: Thus, another facet of the Swedish 'wonder' is shown, on closer scrutiny’ to be not so miraculous,