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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
SWEDEN
May data released by the Swedish Public Employment Service was consistent with the notion that the labour market continues to gradually soften, while a sharp deterioration in conditions remains unlikely.
- The unemployment claims rate ticked up to 6.66% (vs 6.63% prior), with the press release highlighting increases amongst those aged 18-24 years old.
- Vacancies moderated a touch relative to April 2024 and sit almost 50% below levels seen a year ago. This softening allowed the vacancies to unemployment claims ratio to fall a touch to 0.29 (vs 0.3 prior and a 2023 average of 0.44).
- Redundancy notices also moved higher, with around 7.5k employees affected by notice of termination in May (vs 6.5k in April).
- Labour force survey data for May is due on June 19 (next Wednesday), in time for the Riksbank’s June monetary policy meeting on June 27.
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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