3 Jun 2014
Employment in Norway keeps improving – Danske Bank
FXStreet (Edinburgh) - In the opinion of Lars Christensen, Chief Analyst at Danske Bank, today’s employment figures in Norway could add to the recovery seen in the labour market.
Key Quotes
“After weakening during the second half of last year, the labour market seems to have stabilised, or even strengthened lately”.
“As always, the main focus should be on the m/m change in the number of gross unemployed persons. The large drop in April (-1,500 m/m) was explained as an Easter effect”.
“Hence, even our expectations of an increase of 500 m/m in May will keep the underlying trend at –500 per month, signalling a gradual improvement of the labour market”.
“We expect the (n.s.a.) unemployment rate to drop to 2.6%, in line with consensus”.
Key Quotes
“After weakening during the second half of last year, the labour market seems to have stabilised, or even strengthened lately”.
“As always, the main focus should be on the m/m change in the number of gross unemployed persons. The large drop in April (-1,500 m/m) was explained as an Easter effect”.
“Hence, even our expectations of an increase of 500 m/m in May will keep the underlying trend at –500 per month, signalling a gradual improvement of the labour market”.
“We expect the (n.s.a.) unemployment rate to drop to 2.6%, in line with consensus”.