External broker reports(aggregated public sources), Nordea

Nordea

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External broker reports(aggregated public sources)

Macroeconomics

<ul><li>Unemploymentrose to 8.6% in March (seasonally adjusted) from 8.0% one month earlier, despite an unchanged employment rate.</li><li>Instead, the rise in unemployment can be attributed to a large increase in the labour force (0.6% m/m) and the outcome is thus not as bad as when taken at face value.The monthly LFS figures are notoriously noisy, and should therefore be taken with a pinch of salt.</li><li>The gap in the unemployment rate reported by the Swedish Public Employment Services (SPES) and the LFS widened significantly in March (see chart below).For thefull quarter, unemployment stood at 8.3%–up from 8.0% in Q4 2023.</li></ul><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

Unemploymentrose to 8.6% in March (seasonally adjusted) from 8.0% one month earlier, despite an unchanged employment rate.Instead, the rise in unemployment can be attributed to a large increase in the labour force (0.6% m/m) and the outcome is thus not as bad as when taken at face value.The monthly LFS figures are notoriously noisy, and should therefore be taken with a pinch of salt.The gap in the unemployment rate reported by the Swedish Public Employment Services (SPES) and the LFS widened significantly in March (see chart below).For thefull quarter, unemployment stood at 8.3%–up from 8.0% in Q4 2023.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Swedish Labour Market: Sharp increase in unemployment