Australia’s December unemployment fell 0.2 percent from the previous month to 4.3 percent. The rate has dropped 0.3 percent in the past year despite a gain of equal size from September to November.
Hong Kong’s fourth-quarter employment hit a new record high of 3.53 million while unemployment fell 0.2 percent to 3.4 percent over the previous period. Unemployment has fallen 1.0 percent from Q4 in 2006. Officials expect labor demand to continue throughout the year, despite the “impact of recent volatilities in the financial sector.”
Japan’s November unemployment rate fell to 3.8 percent from 4.0 percent in October and remained steady from a year ago. This highlights an increase of 130,000 jobs over the past year. The 2007 unemployment rate average so far is 3.9 ercent, the lowest since 1997.
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