Australia's unemployment rate remained stable and employment decreased unexpectedly in August, data from the Australian Bureau of Statistics showed Thursday.The jobless rate held steady at seasonally adjusted 4.2 percent in August and matched expectations.Meanwhile, the number of employed persons fell 5,400 from the previous month, while it was forecast to increase by 21,200.A sharp fall of 41,000...
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Business News
May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.