Latest news with #marketforecasts
Yahoo
3 days ago
- Business
- Yahoo
Australia unemployment rate climbs to 3-1/2-year high in June
SYDNEY (Reuters) -Australian employment rose only marginally in June as the jobless rate jumped to the highest since late 2021, a surprisingly weak report that adds to the case for a cut in interest rates next month. Figures from the Australian Bureau of Statistics out on Thursday showed net employment rose 2,000 in June from May, when it fell 1,100. That was well short of market forecasts for a 20,000 increase, though the series has been volatile in recent months. Full-time jobs dropped 38,200 in June. The jobless rate popped up to 4.3%, from 4.1%, the highest reading since November 2021 and a jolt after months of stable readings. The participation rate ticked up to 67.1%, while hours worked fell back 0.9% after a sharp rise in May. Sign in to access your portfolio
Wall Street Journal
4 days ago
- Business
- Wall Street Journal
Barratt Redrow Shares Tumble After Sales Miss Guidance
Barratt Redrow BTRW -10.30%decrease; red down pointing triangle shares fell after the housebuilder missed its own sales guidance but launched a 100 million-pound ($134.3 million) share buyback and said it still expects to meet market forecasts for a key metric. In early trading Tuesday, London-listed shares were down 10% at 373 pence, and are currently down 15% over the year to date.
