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Eurozone Unemployment Rate at the lowest level since February 2012

The jobless rate in the 19-nation euro area unexpectedly slid to 10.9% in July, the lowest reading since February 2012, data from the European Union’s statistics office showed on Tuesday. Economists in a Bloomberg survey had predicted it would hold at 11.1%. Read more...

Sterling down after job data

A narrower measure of unemployment showed claims for jobless benefits unexpectedly fell 4,900 in July and an increase in June was almost entirely revised away. The rate on that measure was 2.3 percent last month. Analysts were anticipating rise by 1,400. Read more...

Nonfarm payroll employment rose by 215,000 in July

Total nonfarm payroll employment rose by 215,000 in July, compared with an average monthly gain of 246,000 over the prior 12 months. Analysts were anticipating increase by 222,000. In July, job gains occurred in retail trade, health care, professional and technical services, and financial activities. Read more...

Australian Unemployment Rate rose to 6.3%

The latest official figures from the Bureau of Statistics show a jump of employment of 38,500 in July after a jump of 7000 in June and 42,000 in May. Analysts were predicting smaller increase by 12,500. The combined jump of 87,500 came as the unemployment rate climbed from 6 to 6.3%, missing forecasts on incline to 6.1%. The discrepancy is explained by a jump in the number of unemployed Australians from 771,000 to 801,000. The results come at a time of unusual volatility in the figures following changes in the way the Bureau of Statistics collects the data. Read more...

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