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Some comments from Swedbank on this..........>

SWEDEN
SWEDEN: Some comments from Swedbank on this morning's Swedish employment print:
"The higher unemployment is explained by a higher labour force growth than
employment growth. Employment increased by a healthy 1.2 % (y/y). A big surprise
was the huge increase in labour force as it rose by almost 2 % (y/y). Working
hours continued to increase steadily by 2.4 %. Higher first quarter unemployment
than Riksbank's forecast. In other words, a slight disappointment for the
central bank."

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