Australian jobless rate records 5.8% in April

Source: RTT News
Unemployment in Australia slightly declined in April with the jobless rate falling to 5.8% on the month compared to initially forecast of 5.9%, the latest data unveiled by the Australian Bureau of Statistics showed on Thursday. The country's economy added 14,200 jobs, while it was estimated to rise only by 8,750 jobs after it adding 18,146 in March.

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Thu, 08 May 2014 11:04:47 GMT

Economists expect ECB to maintain current monetary course

According to the Bloomberg survey, the vast majority of analysts predict the ECB to keep its monetary policy without any significant changes after today's meeting. Only two out of 58 analysts forecast a decrease in the main interest rate from 0.25% to 0.15% or 0.1%, as inflation in the Eurozone picked up to 0.7%. Moreover, the same number of investors

Thu, 08 May 2014 11:32:03 GMT

U.S. labour productivity falls more than forecast in Q1

Labour productivity in the world's largest economy dropped in the first three months of this year and falling by more than experts initially projected, the latest report released by the Labor Department showed on Wednesday. According to the report, the U.S. labour productivity slipped by 1.7% in the Q1 following a 2.3% advanced in the Q4 of 2013.

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