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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 LFS SA unemployment rate held at 8.2% in June. The three analysts that submitted a forecast to Bloomberg had forecasted readings of between 8.4-8.6%.
- The unemployment rate thus averaged 8.3% in Q2, below the Riksbank’s June projection of 8.5%.
- However, the steadiness in the unemployment rate (or at least, lack of increase), reflected a rise in the labour force alongside a tick up in the number of unemployed persons.
- Employment growth was 0.1% 3m/3m (vs -0.2% prior), bringing the 3m average of the employment rate to 69.2%. That’s above the Riksbank’s June projection of 68.9%.
- Overall, this data isn’t enough to dissuade the Riksbank from cutting rates in August. The same can be said for Monday’s Q2 GDP indicator (which is often heavily revised, and probably shouldn’t be taken too seriously in any context).
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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