- Australia’s January unemployment rate increased 0.1 percent from the previous month to 4.7 percent. The rate dropped 0.7 percent from January 2006.
- Preliminary data indicates Hong Kong’s November-to- January unemployment rate remained unchanged from the previous three-month period at 4.4 percent and dropped 0.8 percent from a year earlier. The jobless rate is the country’s lowest in six years.
- Japan’s fourth quarter GDP grew 1.2 percent on a quarter over quarter basis and 2.1 percent on a year-over-year basis (based on preliminary data). The country’s January unemployment rate fell 0.1 percent from the previous month to 4.1 percent, a drop of 0.4 percent from the previous year.
- Singapore’s fourth quarter GDP increased a robust 7.0 percent over the third quarter and 8.2 percent from the same quarter a year prior. The fourth-quarter jobless rate fell 0.1 percent from the previous quarter to 2.6 percent.
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