Unemployed Swedes Retire Before Age 40

High union wage requirements and inflexible workplace regulations are pricing many young Swedish adults out of jobs, and many are taking "early retirement" before they reach 40:

Since 2004 close to 70,000 Swedes in the ages 20-39 have been supported by early retirement.... According to Statistics Sweden, unemployment among those between 15-24 years was fully 24 percent in the beginning of 2009.

Source: 'Inflexible welfare model keeping young Swedes out of work'