MNI: PBOC Net Injects CNY8 Bln Via OMO Fri; Rates Unchanged

MNI: PBOC Sets Yuan Parity Higher At 7.1196 Fri; -1.41% Y/Y

CHINA PBOC CONDUCTS CNY10 BILLION VIA 7-DAY REVERSE REPOS FRI

CHINA SETS YUAN CENTRAL PARITY AT 7.1196 FRI VS 7.1192

MNI China Daily Summary: Thursday, June 20

MNI: PBOC Net Injects CNY18 Bln Via OMO Thu; Rates Unchanged

Japan May Core CPI +2.5% Y/Y; Energy Price Surges

MNI BRIEF: Japan May Core CPI Rises 2.5% Vs. April +2.2%

MNI JAPAN MAY CORE CPI +2.5% Y/Y; APRIL +2.2%

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Labour Market Continues To Soften Gradually

SWEDEN
DataHomepagemarkets-real-timeData BulletBulletMarketsFixed Income BulletsForeign Exchange Bullets

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.

150 words

To read the full story

Close

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.

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.