MNI China Daily Summary: Friday, April 26

MNI BRIEF: China, US Should Strengthen Dialogue, Cooperation

MNI BRIEF: SNB Framework Reform 'Playing With Fire' - Steiner

MNI: PBOC Conducts CNY2 Bln Via OMO Fri; Liquidity Unchanged

CHINA PBOC INJECTS CNY2 BILLION VIA 7-DAY REVERSE REPOS FRI

MNI: PBOC Sets Yuan Parity Lower At 7.1056 Fri; -4.56% Y/Y

MNI: BAKER HUGHES US RIG COUNT 613; OIL RIGS 506; GAS RIGS 105

MNI: UNIV OF MICHIGAN CONSUMER SENTIMENT FINAL APR INDEX 77.2

EZ/UK T-Bill Calendar: Germany, France Auction on Monday

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

© 1982-2023 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

PES Vacancies Retrace January Rise

SWEDEN
DataHomepageData BulletBulletMarketsFixed Income BulletsForeign Exchange Bullets

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.


145 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 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.