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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
The Swedish labour force survey SA unemployment rate was stable at 7.9% in November vs. consensus of a slight uptick to 8.0%.
- This leaves the unemployment rate a touch below the Riksbank's Q4 forecast (8.01%).
- The press release states that the number of temporary workers fell in November, which will have contributed to the decline in SA work hours, from 153.5mil hours per month to 153.0mil.
- The unemployment claims rate, released by the Public Employment Service yesterday, showed a slight uptick to 6.56% (vs 6.46% prior), while vacancies continue to fall. Measured by the vacancies per unemployed person ratio (which has now fallen for the last 3-months), we see a continued gradual loosening of the Swedish labour market.
- The PES unemployment claims rate tends to lag the labour force survey measure released this morning, but is less volatile. This claims rate should thus see continued increases in the months to come.
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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