Australia's unemployment rate dropped in July and employment increased sharply, suggesting that the labor market conditions remain strong, data from the Australian Bureau of Statistics revealed Thursday.
The jobless rate came in at 4.2 percent in July compared to 4.3 percent in June, which was the highest since late 2021. The 4.2 percent matched economists' expectations.
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April 17, 2026 15:29 ET The ongoing conflict in the Middle East continues to raise concerns for policymakers who worry about the impact of the supply shock and high energy prices on the real economy. Producer price data and various survey results on the housing market were the main news from the U.S. this week. In Europe, industrial production data for the euro area gained attention. GDP figures out of China and the policy move by the Singapore central bank were in focus in Asia.