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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 PES unemployment rate (seasonally adjusted registered unemployment claims rate tracked by the Swedish Public Employment Service) was broadly steady in January, printing at 6.65% (vs 6.61% prior). The LFS unemployment rate - which the Riksbank forecasts in its MPR - is due on Friday, and analysts expect an unchanged rate at 8.2%.
- Note that the Bloomberg calendar reports the NSA claims rate excluding those in job support programmes (which was 3.5%, steady vs January).
- The press release notes that 18-24-year old NSA unemployment rose 4k to 43k, bringing the NSA unemployment rate to 7.9%.
- Looking into the details of the print, vacancies fell to 114k from 130k, more than retracing January's 11k rise.
- The vacancies to unemployment ratio thus moderated to 0.33 (vs 0.37 prior), below the cycle high of 0.60 in May '23.
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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