MNI China Daily Summary: Wednesday, July 3

MNI BRIEF:BOJ Q1 Output Gap Hits 16th Negative Reading In Row

MNI: PBOC Sets Yuan Parity Higher At 7.1312 Weds; -0.34% Y/Y

MNI: PBOC Net Drains CNY248 Bln Via OMO Weds; Rates Unchanged

CHINA PBOC CONDUCTS CNY2 BILLION VIA 7-DAY REVERSE REPOS WEDS

CHINA SETS YUAN CENTRAL PARITY AT 7.1312 WEDS VS 7.1291

EZ/UK Bond Supply Calendar: Spain, France Auction on Thursday

PPI a Tenth Softer than Exp; Further NEIG HICP Disinflation to Come?

MNI: EUROZONE MAY PPI -0.2% M/M, -4.2% Y/Y

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

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

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

PES Unemployment Data Consistent With Gradual Cooling

SWEDEN
Data BulletDataHomepageBulletMarketsFixed Income BulletsForeign Exchange Bullets

The Swedish April unemployment claims rate, reported by the Public Employment Service (PES), was steady at 6.6% SA for the 5th consecutive month.

  • The vacancies to unemployment claims ratio rose a touch to 0.31 (vs 0.26 in March), but remains below levels seen in 2022/2023, with total vacancies around 20% below April 2023’s reading.
  • The number of people affected by notice of termination also rose slightly, to 6,218 vs 5,046 prior.
  • Overall, the data suggests that the labour market continues to cool.
  • The LFS data for April will be released on May 22, where focus will be on whether March’s surprising spike in the unemployment rate to 8.6% will be reversed (or revised) at all.

125 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.

The Swedish April unemployment claims rate, reported by the Public Employment Service (PES), was steady at 6.6% SA for the 5th consecutive month.

  • The vacancies to unemployment claims ratio rose a touch to 0.31 (vs 0.26 in March), but remains below levels seen in 2022/2023, with total vacancies around 20% below April 2023’s reading.
  • The number of people affected by notice of termination also rose slightly, to 6,218 vs 5,046 prior.
  • Overall, the data suggests that the labour market continues to cool.
  • The LFS data for April will be released on May 22, where focus will be on whether March’s surprising spike in the unemployment rate to 8.6% will be reversed (or revised) at all.