What parts of the world are seeing the weakest performance in their jobs markets? Here is a ranking of major countries posting the highest unemployment rates over the past month:
The Czech Republic's industrial producer price inflation accelerated less-than-expected in May to the highest level in nearly one-and-a-half years. The industrial producer price index climbed 1.5 percent yearly in May, faster than the 1.0 percent renewed increase in April. Energy prices rose 2.5 percent, and those for intermediate goods were 3.5 percent higher.
China's retail sales declined for the first time since 2022 on subdued domestic demand and fixed asset investment logged a sharper-than-expected fall, while industrial production remained a bright spot, official data revealed Tuesday. Retail sales decreased 0.6 percent from a year ago in May, the National Bureau of Statistics reported.
The Reserve Bank of Australia left its benchmark interest rate unchanged on Tuesday as policymakers evaluate the effects of three consecutive rate hikes and the impact of oil supply disruption. The policy board, governed by Michele Bullock, unanimously voted to hold the cash rate target at 4.35 percent. The bank had lifted the policy rate by 25 basis points each in February, March and May.
The Bank of Japan raised its benchmark interest rate by a quarter-point on Tuesday, to its highest level since 1995. The policy board of BoJ voted 7-1 to raise the interest rate to 1.00 percent from 0.75 percent.