Economy

Tesla's future
The union gets more people on its side: "Over half are on strike"

The trade union IF-Metall succeeds in attracting more and more Tesla employees to join the strike against the American electric car giant, TT reports:

- It is just over half of the employees who are on strike now, says the LO union's agreement secretary Simon Petersson.

The union has had difficulty getting a large turnout for the strike, but during the summer it has turned around and according to Pettersson, the number has increased by 20 percent to just over half of the Swedish Tesla employees.

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Swedish growth
Business profitability increased in the second quarter

The total operating profit in business increased by 8.8 percent in the second quarter compared to last year. This shows statistics from Statistics Sweden.

- Several parts of the business world show increased profitability, but the biggest contribution comes from the service-producing industries, says Sebastian Rask, coordinator of Economic Statistics at Statistics Sweden.

The higher operating profit resulted in an increase in the operating margin by 0.5 percentage points to 8.1 percent.

Revenue also increased by 2.1 percent.

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Swedish jobs
Statistics Sweden: Unemployment continues to rise in Sweden

Unemployment in Sweden increased by 1.5 percent to 7.7 percent in July, statistics from Statistics Norway show. Seasonally adjusted, unemployment amounted to 8.6 percent compared to 8.2 percent in June.

Long-term unemployment increased by 45,000 people.

- It is the second month in a row that long-term unemployment has increased, says Louise Stener, statistician at the Labor Force Surveys at Statistics Sweden.