Australia's unemployment rate rose to the highest since 2021 in April, data from the Australian Bureau of Statistics showed Thursday.The unemployment rate rose to 4.5 percent in April from 4.3 percent in March. This was the highest since November 2021, when the rate was 4.6 percent.The number of unemployed increased by 33,000 to 692,500 in April and employment decreased by 18,600 to 14.74 million....
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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.