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US Unemployment Rate fell to 4.2%

The unemployment rate declined to 4.2 percent in September, and total nonfarm payroll employment changed little (-33,000), the U.S. Bureau of Labor Statistics reported today. A sharp employment decline in food services and drinking places and below-trend growth in some other industries likely reflected the impact of Hurricanes Irma and Harvey.

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Australian Dollar Leaps On Huge Jobs Beat

The Australian Dollar surged Thursday on a blockbuster official employment report from its home country which shredded market expectations. The economy added 54,200 jobs in August, it showed. Forecasters had been looking for a 20,000 rise to follow July’s 27,900, but even the most optimistic calls fell far short of the mark. Full-time employment soared by 40,000 with part-time jobs up by 14,100. The unemployment rate remained steady at 5.6%. Read more...

UK Unemployment Rate fell to 4.3%

Estimates from the Labour Force Survey show that, between February to April 2017 and May to July 2017, the number of people in work increased, the number of unemployed people fell, and the number of people aged from 16 to 64 not working and not seeking or available to work (economically inactive) also fell. There were 32.14 million people in work, 181,000 more than for February to April 2017 and 379,000 more than for a year earlier.

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Australian Unemployment Rate fell to 5.6%

The latest labour force data released today by the Australian Bureau of Statistics – Labour Force data – for July 2017 shows that total employment rose only modestly (27,900) while full-time employment contracted. Part-time employment rose by 48,200 reversing the decline from last month. As a result of a rise in the participation rate (0.1 points), unemployment rose by 1,100, and the official unemployment rate decreased by less than 0.1 pts to 5.6 per cent. Read more...

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